Charles Schwab Investment Management Inc. Has $3.53 Million Stock Holdings in Altice USA, Inc. (NYSE:ATUS)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Altice USA, Inc. (NYSE:ATUS) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,462,972 shares of the company’s stock after purchasing an additional 60,656 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Altice USA were worth $3,526,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Quadrature Capital Ltd acquired a new position in Altice USA during the third quarter valued at approximately $27,000. D.A. Davidson & CO. acquired a new stake in Altice USA during the third quarter worth approximately $32,000. Wolverine Trading LLC bought a new position in Altice USA during the third quarter worth about $39,000. Walleye Capital LLC acquired a new position in Altice USA in the 3rd quarter valued at $968,000. Finally, XTX Topco Ltd increased its stake in Altice USA by 476.7% in the third quarter. XTX Topco Ltd now owns 468,969 shares of the company’s stock valued at $1,154,000 after acquiring an additional 387,655 shares during the last quarter. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ATUS shares. Citigroup raised their price objective on Altice USA from $2.50 to $3.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Raymond James raised shares of Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price target on the stock in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.15.

Altice USA Stock Down 1.6 %

Shares of NYSE:ATUS opened at $2.79 on Friday. The firm has a market capitalization of $1.29 billion, a PE ratio of -12.11 and a beta of 1.58. The company has a 50-day moving average price of $2.74 and a two-hundred day moving average price of $2.56. Altice USA, Inc. has a twelve month low of $1.52 and a twelve month high of $3.20.

Altice USA (NYSE:ATUS) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.16). Analysts anticipate that Altice USA, Inc. will post -0.24 earnings per share 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.