GSA Capital Partners LLP Acquires Shares of 64,022 Altice USA, Inc. (NYSE:ATUS)

GSA Capital Partners LLP purchased a new stake in shares of Altice USA, Inc. (NYSE:ATUS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 64,022 shares of the company’s stock, valued at approximately $157,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aristeia Capital L.L.C. acquired a new stake in shares of Altice USA during the 2nd quarter valued at about $657,000. King Street Capital Management L.P. acquired a new stake in Altice USA in the second quarter valued at approximately $5,100,000. Empyrean Capital Partners LP purchased a new stake in shares of Altice USA in the second quarter valued at approximately $4,080,000. Squarepoint Ops LLC acquired a new position in shares of Altice USA during the 2nd quarter worth approximately $183,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Altice USA during the 1st quarter valued at approximately $687,000. Hedge funds and other institutional investors own 54.85% of the company’s stock.

Wall Street Analyst Weigh In

ATUS has been the subject of a number of research analyst reports. UBS Group cut shares of Altice USA from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $4.00 to $2.00 in a research report on Friday, August 2nd. TD Cowen dropped their price objective on shares of Altice USA from $6.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, November 5th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Altice USA presently has an average rating of “Hold” and an average target price of $2.22.

Insider Buying and Selling

In related news, Director Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the completion of the sale, the director now owns 38,055,771 shares in the company, valued at approximately $932,366,389.50. This trade represents a 2.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 7,247,043 shares of company stock valued at $177,552,554. Corporate insiders own 52.90% of the company’s stock.

Altice USA Stock Performance

Shares of NYSE ATUS opened at $2.59 on Monday. The stock has a fifty day simple moving average of $2.45 and a 200-day simple moving average of $2.17. Altice USA, Inc. has a twelve month low of $1.52 and a twelve month high of $3.66. The stock has a market capitalization of $1.20 billion, a PE ratio of -7.00, a PEG ratio of 51.57 and a beta of 1.52.

Altice USA (NYSE:ATUS) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Altice USA had a negative net margin of 1.85% and a negative return on equity of 1.54%. Altice USA’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.15 EPS. On average, equities analysts predict that Altice USA, Inc. will post 0.01 earnings per share for the current 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.