Altice USA, Inc. (NYSE:ATUS) Receives $2.41 Consensus PT from Brokerages

Altice USA, Inc. (NYSE:ATUS - Get Free Report) has received an average rating of "Reduce" from the twelve analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $2.41.

A number of analysts recently issued reports on ATUS shares. TD Cowen decreased their target price on Altice USA from $6.00 to $3.50 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Raymond James raised shares of Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price target on the stock in a research note on Tuesday. Finally, Citigroup boosted their price target on Altice USA from $2.50 to $3.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th.

Altice USA Stock Down 0.5 %

Altice USA stock traded down $0.02 during mid-day trading on Thursday, hitting $2.76. The company had a trading volume of 2,868,566 shares, compared to its average volume of 3,249,016. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -11.98 and a beta of 1.52. Altice USA has a 1 year low of $1.52 and a 1 year high of $3.20. The business has a fifty day moving average of $2.68 and a 200 day moving average of $2.41.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.16). Equities analysts anticipate that Altice USA will post -0.24 earnings per share for the current year.

Insider Activity

In other news, Director Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $24.50, for a total value of $19,728,061.50. Following the transaction, the director now directly owns 19,535,550 shares of the company's stock, valued at $478,620,975. The trade was a 3.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 8,052,288 shares of company stock valued at $197,281,056 in the last 90 days. 52.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Altice USA

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mackenzie Financial Corp lifted its stake in shares of Altice USA by 390.0% during the fourth quarter. Mackenzie Financial Corp now owns 184,075 shares of the company's stock worth $444,000 after purchasing an additional 146,505 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Altice USA by 29.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 636,672 shares of the company's stock valued at $1,534,000 after purchasing an additional 145,046 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Altice USA during the 4th quarter worth approximately $668,000. Two Sigma Advisers LP boosted its stake in shares of Altice USA by 129.8% during the 4th quarter. Two Sigma Advisers LP now owns 1,128,251 shares of the company's stock valued at $2,719,000 after buying an additional 637,300 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Altice USA by 82.7% during the fourth quarter. Two Sigma Investments LP now owns 2,861,033 shares of the company's stock worth $6,895,000 after buying an additional 1,294,782 shares in the last quarter. Institutional investors and hedge funds own 54.85% of the company's stock.

Altice USA Company Profile

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.