Altice USA, Inc. (NYSE:ATUS) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Altice USA, Inc. (NYSE:ATUS - Free Report) by 238.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,444,193 shares of the company's stock after buying an additional 4,541,359 shares during the period. JPMorgan Chase & Co. owned approximately 1.40% of Altice USA worth $15,531,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Altice USA by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 22,291,467 shares of the company's stock worth $53,722,000 after purchasing an additional 208,478 shares during the period. Geode Capital Management LLC lifted its stake in shares of Altice USA by 7.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,682,757 shares of the company's stock worth $6,602,000 after buying an additional 191,508 shares during the last quarter. State Street Corp boosted its stake in Altice USA by 2.8% in the 3rd quarter. State Street Corp now owns 1,534,608 shares of the company's stock valued at $3,775,000 after purchasing an additional 41,868 shares during the period. Barclays PLC grew its position in shares of Altice USA by 120.3% during the 3rd quarter. Barclays PLC now owns 1,527,424 shares of the company's stock worth $3,756,000 after purchasing an additional 834,030 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Altice USA by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,462,972 shares of the company's stock worth $3,526,000 after purchasing an additional 60,656 shares during the period. Institutional investors own 54.85% of the company's stock.

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Altice USA Stock Down 6.3 %

NYSE:ATUS traded down $0.16 on Tuesday, reaching $2.31. 6,926,384 shares of the company's stock traded hands, compared to its average volume of 3,145,945. Altice USA, Inc. has a 12 month low of $1.52 and a 12 month high of $3.20. The stock has a 50-day simple moving average of $2.63 and a 200-day simple moving average of $2.58. The firm has a market cap of $1.07 billion, a PE ratio of -10.02 and a beta of 1.65.

Altice USA (NYSE:ATUS - Get Free Report) last released 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, equities analysts anticipate that Altice USA, Inc. will post -0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Altice USA 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.