Altice USA, Inc. (NYSE:ATUS) Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC lowered its position in Altice USA, Inc. (NYSE:ATUS - Free Report) by 98.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,300 shares of the company's stock after selling 872,700 shares during the period. Clarkston Capital Partners LLC's holdings in Altice USA were worth $42,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ATUS. Dynamic Technology Lab Private Ltd purchased a new position in shares of Altice USA during the 4th quarter worth approximately $43,000. ExodusPoint Capital Management LP acquired a new stake in Altice USA during the 4th quarter valued at $1,007,000. Geode Capital Management LLC increased its position in Altice USA by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 2,695,716 shares of the company's stock worth $6,500,000 after buying an additional 12,959 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Altice USA in the fourth quarter worth $103,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Altice USA by 238.7% in the fourth quarter. JPMorgan Chase & Co. now owns 6,444,193 shares of the company's stock worth $15,531,000 after acquiring an additional 4,541,359 shares during the last quarter. 54.85% of the stock is owned by hedge funds and other institutional investors.

Altice USA Price Performance

ATUS stock traded up $0.03 during trading on Friday, reaching $2.25. 2,176,619 shares of the stock traded hands, compared to its average volume of 3,105,197. The firm has a market capitalization of $1.04 billion, a PE ratio of -9.76 and a beta of 1.65. The business's 50 day moving average price is $2.65 and its 200-day moving average price is $2.58. Altice USA, Inc. has a 52-week low of $1.52 and a 52-week high of $3.20.

Altice USA (NYSE:ATUS - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). On average, equities research analysts predict that Altice USA, Inc. will post -0.24 earnings per share for the current 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 target price on the stock in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Altice USA has a consensus rating of "Hold" and an average price target of $2.44.

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.