Altice USA, Inc. (NYSE:ATUS) Shares Acquired by Swiss National Bank

Swiss National Bank boosted its holdings in Altice USA, Inc. (NYSE:ATUS) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 407,700 shares of the company’s stock after purchasing an additional 8,000 shares during the quarter. Swiss National Bank’s holdings in Altice USA were worth $983,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new position in shares of Altice USA in the 3rd quarter valued at about $27,000. Raymond James Financial Inc. acquired a new position in Altice USA in the fourth quarter valued at approximately $30,000. D.A. Davidson & CO. bought a new position in shares of Altice USA during the third quarter valued at approximately $32,000. Wolverine Trading LLC acquired a new stake in shares of Altice USA during the 3rd quarter worth approximately $39,000. Finally, Walleye Capital LLC bought a new stake in shares of Altice USA in the 3rd quarter worth approximately $968,000. Institutional investors own 54.85% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ATUS. Citigroup increased their target price on Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Raymond James upgraded shares of Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price target for the company in a research report on Tuesday, February 18th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $2.15.

Altice USA Stock Down 1.2 %

ATUS stock opened at $2.78 on Friday. The company has a 50-day simple moving average of $2.74 and a 200 day simple moving average of $2.57. The company has a market capitalization of $1.29 billion, a P/E ratio of -12.06 and a beta of 1.58. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.20.

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