ExodusPoint Capital Management LP Purchases Shares of 417,688 Altice USA, Inc. (NYSE:ATUS)

ExodusPoint Capital Management LP purchased a new stake in Altice USA, Inc. (NYSE:ATUS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 417,688 shares of the company’s stock, valued at approximately $1,007,000.

Several other large investors also recently made changes to their positions in ATUS. Charles Schwab Investment Management Inc. increased its stake in shares of Altice USA by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,316 shares of the company’s stock valued at $3,450,000 after purchasing an additional 85,936 shares during the period. Quadrature Capital Ltd bought a new position in shares of Altice USA in the third quarter valued at approximately $27,000. State Street Corp boosted its holdings in shares of Altice USA by 2.8% in the third quarter. State Street Corp now owns 1,534,608 shares of the company’s stock valued at $3,775,000 after acquiring an additional 41,868 shares in the last quarter. Wolverine Trading LLC bought a new position in shares of Altice USA in the third quarter valued at approximately $39,000. Finally, Barclays PLC boosted its holdings in shares of Altice USA by 120.3% in the third quarter. Barclays PLC now owns 1,527,424 shares of the company’s stock valued at $3,756,000 after acquiring an additional 834,030 shares in the last quarter. Institutional investors and hedge funds own 54.85% of the company’s stock.

Altice USA Stock Performance

Shares of NYSE:ATUS opened at $2.21 on Friday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -9.59 and a beta of 1.65. Altice USA, Inc. has a 1-year low of $1.52 and a 1-year high of $3.20. The company has a 50 day moving average price of $2.65 and a 200 day moving average price of $2.58.

Altice USA (NYSE:ATUS) last issued its earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). On average, sell-side analysts expect that Altice USA, Inc. will post -0.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Raymond James upgraded shares of Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price objective for the company in a report on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $2.44.

About Altice USA

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.