11,911 Shares in Altice USA Inc (ATUS) Purchased by Capital Fund Management S.A.
Capital Fund Management S.A. acquired a new position in Altice USA Inc (NYSE:ATUS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,911 shares of the company’s stock, valued at approximately $216,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new stake in Altice USA in the 3rd quarter worth approximately $52,319,000. University of Notre Dame DU Lac bought a new stake in Altice USA in the 3rd quarter worth approximately $9,305,000. Tower Research Capital LLC TRC bought a new stake in Altice USA in the 3rd quarter worth approximately $859,000. Dimensional Fund Advisors LP increased its stake in Altice USA by 267.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,868,359 shares of the company’s stock worth $33,887,000 after acquiring an additional 1,359,800 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in Altice USA by 214.0% in the 3rd quarter. Quantbot Technologies LP now owns 129,930 shares of the company’s stock worth $2,356,000 after acquiring an additional 88,556 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Victoria Mink sold 37,502 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $18.99, for a total transaction of $712,162.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.92% of the stock is owned by insiders.
Altice USA (NYSE:ATUS) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.08. Altice USA had a negative return on equity of 3.36% and a net margin of 21.73%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the business earned ($0.25) EPS. Altice USA’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Altice USA Inc will post -0.07 EPS for the current year.
ATUS has been the topic of a number of research reports. TD Securities lifted their price objective on Altice USA from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. Citigroup dropped their target price on Altice USA from $30.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, August 16th. Royal Bank of Canada dropped their target price on Altice USA to $25.00 and set an “outperform” rating for the company in a report on Thursday, August 9th. Zacks Investment Research upgraded Altice USA from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Monday, October 15th. Finally, UBS Group began coverage on Altice USA in a report on Thursday, November 15th. They issued a “buy” rating and a $26.00 target price for the company. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Altice USA presently has a consensus rating of “Buy” and a consensus target price of $24.63.
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Altice USA Company Profile
Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.
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