Charles Schwab Investment Management Inc. Acquires 109,370 Shares of Altice USA, Inc. (NYSE:ATUS)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Altice USA, Inc. (NYSE:ATUSFree Report) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,237,614 shares of the company’s stock after acquiring an additional 109,370 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.27% of Altice USA worth $4,047,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ground Swell Capital LLC bought a new stake in Altice USA during the 2nd quarter valued at $30,000. Equitable Holdings Inc. purchased a new stake in shares of Altice USA in the 1st quarter worth approximately $34,000. Covestor Ltd boosted its stake in shares of Altice USA by 798.9% during the first quarter. Covestor Ltd now owns 3,353 shares of the company’s stock valued at $42,000 after purchasing an additional 2,980 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in Altice USA during the fourth quarter valued at approximately $67,000. Finally, CI Private Wealth LLC bought a new position in Altice USA in the fourth quarter worth approximately $74,000. Institutional investors own 54.59% of the company’s stock.

Altice USA Price Performance

Shares of ATUS stock opened at $2.51 on Wednesday. The business has a fifty day moving average of $2.53 and a 200 day moving average of $2.68. Altice USA, Inc. has a 1 year low of $1.75 and a 1 year high of $4.22. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 20.92 and a beta of 1.36.

Altice USA (NYSE:ATUSGet Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.33). The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Altice USA had a net margin of 0.58% and a negative return on equity of 12.81%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the company earned ($0.43) earnings per share. As a group, equities research analysts expect that Altice USA, Inc. will post 0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ATUS shares. UBS Group cut their price target on Altice USA from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Benchmark lowered their price target on shares of Altice USA from $10.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, December 29th. BNP Paribas upgraded shares of Altice USA from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 27th. HSBC downgraded shares of Altice USA from a “buy” rating to a “reduce” rating and lowered their target price for the company from $4.00 to $1.20 in a research note on Thursday, November 16th. Finally, Wells Fargo & Company reduced their price target on Altice USA from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $3.22.

Check Out Our Latest Research Report on Altice USA

Altice USA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Altice USA (NYSE:ATUS)

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