Thompson Siegel & Walmsley LLC cut its stake in Altice USA, Inc. (NYSE:ATUS - Free Report) by 83.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,165,915 shares of the company's stock after selling 5,919,712 shares during the period. Thompson Siegel & Walmsley LLC owned 0.25% of Altice USA worth $2,868,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of Altice USA by 45.2% during the 1st quarter. SG Americas Securities LLC now owns 58,098 shares of the company's stock valued at $152,000 after acquiring an additional 18,080 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in Altice USA during the first quarter valued at $687,000. Alpine Global Management LLC acquired a new stake in shares of Altice USA during the first quarter worth $65,000. Apollo Management Holdings L.P. boosted its holdings in shares of Altice USA by 4.6% in the 1st quarter. Apollo Management Holdings L.P. now owns 2,281,533 shares of the company's stock valued at $5,955,000 after buying an additional 100,000 shares during the period. Finally, Swedbank AB bought a new stake in shares of Altice USA during the 1st quarter valued at about $66,000. 54.85% of the stock is currently owned by institutional investors.
Insider Transactions at Altice USA
In other news, Director Alt S.A.R.L. Next sold 805,227 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $24.50, for a total value of $19,728,061.50. Following the completion of the transaction, the director now owns 38,055,771 shares in the company, valued at approximately $932,366,389.50. This represents a 2.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 7,247,043 shares of company stock worth $177,552,554. Company insiders own 52.90% of the company's stock.
Altice USA Price Performance
Shares of ATUS opened at $2.59 on Friday. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.66. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of -7.00, a P/E/G ratio of 47.38 and a beta of 1.52. The business's 50-day moving average is $2.45 and its 200-day moving average is $2.17.
Altice USA (NYSE:ATUS - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.13). Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.24 billion. During the same period last year, the business earned $0.15 earnings per share. The firm's revenue for the quarter was down 3.9% on a year-over-year basis. Equities research analysts expect that Altice USA, Inc. will post 0.01 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. 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 note on Tuesday, November 5th. UBS Group downgraded Altice USA from a "buy" rating to a "neutral" rating and cut their price target for the stock from $4.00 to $2.00 in a report on Friday, August 2nd. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $2.22.
Check Out Our Latest Analysis on ATUS
Altice USA Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding ATUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Altice USA, Inc. (NYSE:ATUS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Altice USA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Altice USA wasn't on the list.
While Altice USA currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
