Mitsubishi UFJ Trust & Banking Corp Cuts Position in Altice USA, Inc. (NYSE:ATUS)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Altice USA, Inc. (NYSE:ATUS - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 865,077 shares of the company's stock after selling 112,656 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.19% of Altice USA worth $2,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC purchased a new stake in shares of Altice USA during the fourth quarter worth about $25,000. Quadrature Capital Ltd purchased a new stake in Altice USA during the 3rd quarter worth approximately $27,000. Raymond James Financial Inc. acquired a new position in Altice USA during the 4th quarter valued at approximately $30,000. D.A. Davidson & CO. acquired a new position in Altice USA during the 3rd quarter valued at approximately $32,000. Finally, Wolverine Trading LLC purchased a new position in shares of Altice USA in the third quarter worth $39,000. 54.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Raymond James raised Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 target price on the stock in a research report on Tuesday, February 18th. Citigroup boosted their price target on Altice USA from $2.50 to $3.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Altice USA currently has a consensus rating of "Hold" and an average price target of $2.15.

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Altice USA Stock Down 10.2 %

Shares of ATUS stock traded down $0.27 on Friday, hitting $2.35. The company had a trading volume of 3,306,285 shares, compared to its average volume of 3,066,602. Altice USA, Inc. has a twelve month low of $1.52 and a twelve month high of $3.20. The firm has a market cap of $1.09 billion, a P/E ratio of -10.20 and a beta of 1.64. The company has a 50-day moving average price of $2.71 and a 200-day moving average price of $2.58.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly 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). Equities research analysts expect that Altice USA, Inc. will post -0.24 EPS for the current 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.