Readystate Asset Management LP Has $1.45 Million Stake in Altice USA, Inc. (NYSE:ATUS)

Readystate Asset Management LP boosted its holdings in Altice USA, Inc. (NYSE:ATUS) by 236.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 446,626 shares of the company’s stock after purchasing an additional 313,970 shares during the quarter. Readystate Asset Management LP’s holdings in Altice USA were worth $1,452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Legal & General Group Plc raised its position in shares of Altice USA by 2.8% in the 4th quarter. Legal & General Group Plc now owns 320,507 shares of the company’s stock valued at $1,042,000 after buying an additional 8,627 shares in the last quarter. Barclays PLC raised its position in shares of Altice USA by 442.4% in the 4th quarter. Barclays PLC now owns 436,188 shares of the company’s stock valued at $1,417,000 after buying an additional 355,763 shares in the last quarter. Whitebox Advisors LLC raised its position in shares of Altice USA by 339.7% in the 4th quarter. Whitebox Advisors LLC now owns 770,291 shares of the company’s stock valued at $2,503,000 after buying an additional 595,119 shares in the last quarter. Gotham Asset Management LLC acquired a new position in shares of Altice USA in the 4th quarter valued at approximately $42,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Altice USA in the 4th quarter valued at approximately $2,597,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Altice USA Trading Down 2.6 %

ATUS traded down $0.05 during trading on Thursday, reaching $1.90. 1,609,148 shares of the company’s stock were exchanged, compared to its average volume of 4,158,345. The firm has a fifty day moving average price of $2.43 and a two-hundred day moving average price of $2.54. Altice USA, Inc. has a one year low of $1.75 and a one year high of $3.82. The stock has a market capitalization of $866.63 million, a PE ratio of 15.83 and a beta of 1.35.

Altice USA (NYSE:ATUS) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.33). Altice USA had a net margin of 0.58% and a negative return on equity of 12.81%. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the company posted ($0.43) earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Sell-side analysts expect that Altice USA, Inc. will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

ATUS has been the subject of several analyst reports. JPMorgan Chase & Co. restated an “underweight” rating on shares of Altice USA in a research report on Thursday, April 11th. Wells Fargo & Company lowered shares of Altice USA from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $2.00 to $1.00 in a report on Friday, April 5th. Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of Altice USA in a report on Wednesday, March 20th. Evercore ISI reaffirmed an “in-line” rating and set a $3.00 price target on shares of Altice USA in a report on Tuesday, March 26th. Finally, BNP Paribas lowered shares of Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 price target on the stock. in a report on Tuesday, April 9th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $2.90.

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.