Squarepoint Ops LLC Buys New Holdings in Altice USA, Inc. (NYSE:ATUS)

Squarepoint Ops LLC purchased a new position in shares of Altice USA, Inc. (NYSE:ATUS) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 89,501 shares of the company’s stock, valued at approximately $183,000.

Other large investors also recently modified their holdings of the company. King Street Capital Management L.P. acquired a new position in shares of Altice USA during the second quarter worth $5,100,000. Susquehanna Fundamental Investments LLC purchased a new stake in Altice USA during the 1st quarter worth $1,914,000. Aristeia Capital L.L.C. acquired a new position in Altice USA in the 2nd quarter worth $657,000. State Board of Administration of Florida Retirement System acquired a new position in Altice USA in the 1st quarter worth $687,000. Finally, Nomura Holdings Inc. boosted its holdings in Altice USA by 343.0% in the fourth quarter. Nomura Holdings Inc. now owns 306,009 shares of the company’s stock valued at $995,000 after purchasing an additional 236,933 shares during the last quarter. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on ATUS shares. UBS Group downgraded Altice USA from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $4.00 to $2.00 in a report on Friday, August 2nd. The Goldman Sachs Group began coverage on shares of Altice USA in a research note on Monday, July 1st. They set a “sell” rating and a $2.00 price objective on the stock. Finally, Evercore ISI dropped their target price on shares of Altice USA from $3.00 to $2.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd. Six analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Altice USA has an average rating of “Hold” and a consensus target price of $1.97.

Altice USA Stock Performance

Shares of NYSE:ATUS opened at $2.45 on Monday. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 245.00, a price-to-earnings-growth ratio of 3.27 and a beta of 1.53. Altice USA, Inc. has a 1-year low of $1.52 and a 1-year high of $3.66. The company’s fifty day moving average is $2.04 and its two-hundred day moving average is $2.11.

Altice USA (NYSE:ATUS) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Altice USA had a negative return on equity of 1.54% and a negative net margin of 0.62%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same period last year, the business earned $0.17 EPS. The firm’s revenue was down 3.6% on a year-over-year basis. Sell-side analysts expect that Altice USA, Inc. will post 0.1 EPS for the current fiscal year.

Altice USA 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.