Altice USA, Inc. (NYSE:ATUS) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its stake in shares of Altice USA, Inc. (NYSE:ATUS - Free Report) by 59.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 891,178 shares of the company's stock after selling 1,293,978 shares during the period. Assenagon Asset Management S.A. owned 0.19% of Altice USA worth $2,148,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. 140 Summer Partners LP bought a new stake in shares of Altice USA during the 3rd quarter worth $9,004,000. LMR Partners LLP boosted its holdings in shares of Altice USA by 217.5% in the 3rd quarter. LMR Partners LLP now owns 3,000,000 shares of the company's stock worth $7,380,000 after purchasing an additional 2,055,000 shares in the last quarter. Empyrean Capital Partners LP bought a new position in shares of Altice USA during the 2nd quarter valued at about $4,080,000. JPMorgan Chase & Co. raised its holdings in shares of Altice USA by 1,617.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,902,834 shares of the company's stock valued at $4,681,000 after buying an additional 1,792,054 shares in the last quarter. Finally, Paloma Partners Management Co lifted its position in Altice USA by 172.6% in the 3rd quarter. Paloma Partners Management Co now owns 2,210,941 shares of the company's stock worth $5,439,000 after buying an additional 1,400,000 shares during the last quarter. 54.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Citigroup upped their price target on shares of Altice USA from $2.50 to $3.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. TD Cowen dropped their price target on shares of Altice USA from $6.00 to $3.50 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Altice USA presently has a consensus rating of "Hold" and an average target price of $2.30.

Insider Buying and Selling at Altice USA

In related news, Director Alt S.A.R.L. Next sold 805,227 shares of the business's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $24.50, for a total transaction 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. The trade was a 2.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 15,299,331 shares of company stock worth $374,833,610 in the last ninety days. 52.90% of the stock is owned by insiders.

Altice USA Price Performance

ATUS traded up $0.08 on Thursday, reaching $2.90. 2,649,869 shares of the stock were exchanged, compared to its average volume of 2,963,619. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.18. The company's 50-day moving average price is $2.53 and its 200 day moving average price is $2.26. The firm has a market capitalization of $1.34 billion, a PE ratio of -7.82 and a beta of 1.50.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.13). The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.24 billion. The company's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. As a group, equities analysts forecast that Altice USA, Inc. will post -0.06 earnings per share for the current fiscal year.

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.