Altice USA (NYSE:ATUS) Shares Up 5.8%

Shares of Altice USA, Inc. (NYSE:ATUS - Get Free Report) traded up 5.8% on Tuesday . The company traded as high as $2.03 and last traded at $1.99. 559,011 shares were traded during mid-day trading, a decline of 84% from the average session volume of 3,550,953 shares. The stock had previously closed at $1.88.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group downgraded Altice USA from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $4.00 to $2.00 in a report on Friday, August 2nd. The Goldman Sachs Group assumed coverage on Altice USA in a report on Monday, July 1st. They issued a "sell" rating and a $2.00 target price for the company. Finally, Evercore ISI lowered their target price on Altice USA from $3.00 to $2.00 and set an "in-line" rating for the company in a report on Tuesday, July 2nd. Six analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Altice USA has an average rating of "Hold" and an average price target of $1.97.

Altice USA Price Performance

The stock has a market cap of $873.93 million, a P/E ratio of 190.00, a P/E/G ratio of 0.66 and a beta of 1.48. The company has a fifty day moving average price of $1.85 and a 200 day moving average price of $2.17.

Altice USA (NYSE:ATUS - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.25 billion. Altice USA had a negative net margin of 0.62% and a negative return on equity of 1.54%. The company's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, sell-side analysts expect that Altice USA, Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Altice USA

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its position in Altice USA by 38.1% in the fourth quarter. Victory Capital Management Inc. now owns 31,185 shares of the company's stock worth $101,000 after purchasing an additional 8,600 shares during the last quarter. Montag A & Associates Inc. purchased a new position in shares of Altice USA during the 4th quarter valued at $32,000. Aigen Investment Management LP lifted its position in shares of Altice USA by 51.1% during the 4th quarter. Aigen Investment Management LP now owns 33,140 shares of the company's stock valued at $108,000 after buying an additional 11,205 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Altice USA during the 2nd quarter valued at $25,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Altice USA during the 4th quarter valued at $47,000. Institutional investors own 54.85% of the company's stock.

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.