- Altice USA Price Performance
- Insiders Place Their Bets
- Hedge Funds Weigh In On Altice USA
- About Altice USA
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Altice USA (NYSE:ATUS – Get Rating) had its price target lowered by Evercore ISI to $5.00 in a research report report published on Friday, Stock Target Advisor reports.
Other research analysts have also issued research reports about the stock. HSBC raised shares of Altice USA from a hold rating to a buy rating and set a $6.00 target price for the company in a research note on Friday, November 4th. JPMorgan Chase & Co. lowered their price objective on shares of Altice USA from $12.00 to $7.00 and set a neutral rating for the company in a research note on Thursday, November 3rd. Morgan Stanley lowered their price objective on shares of Altice USA from $7.00 to $6.00 and set an equal weight rating for the company in a research note on Friday, November 4th. Cowen lowered their price objective on shares of Altice USA from $39.00 to $31.00 in a research note on Thursday, November 3rd. Finally, Benchmark lowered their price objective on shares of Altice USA to $14.00 in a research note on Thursday, October 27th. Fourteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $11.65.
Altice USA Price Performance
Shares of ATUS stock opened at $4.01 on Friday. The firm has a market cap of $1.82 billion, a PE ratio of 2.84, a price-to-earnings-growth ratio of 0.25 and a beta of 1.40. The company has a 50-day moving average of $5.29 and a two-hundred day moving average of $8.26. Altice USA has a 1-year low of $3.94 and a 1-year high of $17.30.
Altice USA (NYSE:ATUS – Get Rating) last announced its earnings results on Wednesday, November 2nd. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.15). The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Altice USA had a negative return on equity of 119.88% and a net margin of 6.52%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.58 EPS. Sell-side analysts anticipate that Altice USA will post 1.19 EPS for the current fiscal year.
Insiders Place Their Bets
In other Altice USA news, Director Charles Stewart sold 31,560 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $9.99, for a total transaction of $315,284.40. Following the sale, the director now owns 1,323,925 shares of the company’s stock, valued at $13,226,010.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 52.60% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Altice USA
Institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP increased its holdings in shares of Altice USA by 95.9% in the 1st quarter. GSA Capital Partners LLP now owns 33,403 shares of the company’s stock valued at $417,000 after acquiring an additional 16,352 shares during the period. Treasurer of the State of North Carolina grew its position in Altice USA by 1.6% in the 1st quarter. Treasurer of the State of North Carolina now owns 77,282 shares of the company’s stock valued at $964,000 after buying an additional 1,218 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Altice USA by 12.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 886,662 shares of the company’s stock valued at $8,202,000 after buying an additional 100,532 shares during the last quarter. Qube Research & Technologies Ltd grew its position in Altice USA by 41.6% in the 1st quarter. Qube Research & Technologies Ltd now owns 510,476 shares of the company’s stock valued at $6,371,000 after buying an additional 149,944 shares during the last quarter. Finally, Swiss National Bank grew its position in Altice USA by 6.5% in the 1st quarter. Swiss National Bank now owns 508,600 shares of the company’s stock valued at $6,347,000 after buying an additional 31,100 shares during the last quarter. 56.28% of the stock is owned by institutional investors and hedge funds.