Altice USA, Inc. (NYSE:ATUS) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in Altice USA, Inc. (NYSE:ATUS) by 120.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,527,424 shares of the company’s stock after purchasing an additional 834,030 shares during the quarter. Barclays PLC’s holdings in Altice USA were worth $3,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in ATUS. XTX Topco Ltd grew its stake in shares of Altice USA by 476.7% in the third quarter. XTX Topco Ltd now owns 468,969 shares of the company’s stock worth $1,154,000 after purchasing an additional 387,655 shares in the last quarter. Wolverine Trading LLC acquired a new stake in Altice USA in the third quarter worth about $39,000. State Street Corp grew its position in Altice USA by 2.8% in the 3rd quarter. State Street Corp now owns 1,534,608 shares of the company’s stock valued at $3,775,000 after buying an additional 41,868 shares in the last quarter. Quadrature Capital Ltd bought a new position in Altice USA in the 3rd quarter valued at about $27,000. Finally, Point72 Asset Management L.P. raised its position in shares of Altice USA by 487.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 880,985 shares of the company’s stock worth $2,167,000 after buying an additional 730,985 shares in the last quarter. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on ATUS shares. Citigroup increased their price objective on shares of Altice USA from $2.50 to $3.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. TD Cowen decreased their price target on Altice USA from $6.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $2.30.

Insiders Place Their Bets

In related news, Director Alt S.A.R.L. Next sold 805,230 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $24.50, for a total value of $19,728,135.00. Following the completion of the transaction, the director now owns 14,704,182 shares of the company’s stock, valued at approximately $360,252,459. This trade represents a 5.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 14,494,101 shares of company stock worth $355,105,475. Company insiders own 52.90% of the company’s stock.

Altice USA Stock Performance

NYSE ATUS opened at $2.64 on Monday. Altice USA, Inc. has a 1 year low of $1.52 and a 1 year high of $3.66. The business’s fifty day moving average is $2.52 and its two-hundred day moving average is $2.21. The stock has a market capitalization of $1.22 billion, a P/E ratio of -7.13 and a beta of 1.53.

Altice USA (NYSE:ATUS) last announced its earnings results on Monday, November 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, research analysts forecast that Altice USA, Inc. will post -0.01 earnings per share for the current year.

Altice USA Company 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.