ExodusPoint Capital Management LP Invests $1.01 Million in Altice USA, Inc. (NYSE:ATUS)

ExodusPoint Capital Management LP acquired a new stake in Altice USA, Inc. (NYSE:ATUS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 417,688 shares of the company's stock, valued at approximately $1,007,000. ExodusPoint Capital Management LP owned approximately 0.09% of Altice USA at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ATUS. LPL Financial LLC acquired a new stake in shares of Altice USA in the fourth quarter valued at $25,000. Quadrature Capital Ltd acquired a new stake in Altice USA in the 3rd quarter valued at about $27,000. Raymond James Financial Inc. acquired a new stake in Altice USA in the 4th quarter valued at about $30,000. Wolverine Trading LLC purchased a new position in shares of Altice USA in the 3rd quarter valued at about $39,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Altice USA during the fourth quarter worth about $103,000. Hedge funds and other institutional investors own 54.85% of the company's stock.

Altice USA Price Performance

Shares of NYSE ATUS traded down $0.16 during midday trading on Tuesday, hitting $2.30. 3,590,086 shares of the company's stock were exchanged, compared to its average volume of 3,133,878. The firm's fifty day simple moving average is $2.63 and its 200-day simple moving average is $2.58. The company has a market cap of $1.07 billion, a PE ratio of -10.00 and a beta of 1.65. Altice USA, Inc. has a twelve month low of $1.52 and a twelve month high of $3.20.

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Altice USA (NYSE:ATUS - Get Free Report) last released its quarterly earnings data 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). Equities analysts anticipate that Altice USA, Inc. will post -0.24 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Raymond James raised 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. Two 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. According to MarketBeat, 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.