SG Americas Securities LLC decreased its stake in shares of Altice USA, Inc. (NYSE:ATUS – Get Rating) by 36.2% throughout the third quarter, in response to its most up-to-date 13F submitting with the SEC. The institutional investor owned 264,794 shares of the corporate’s inventory after promoting 150,025 shares throughout the interval. SG Americas Securities LLC owned roughly 0.06% of Altice USA value $1,544,000 on the finish of the latest reporting interval.
A number of different institutional traders additionally not too long ago made modifications to their positions within the inventory. Financial institution of New York Mellon Corp boosted its place in shares of Altice USA by 5.1% within the 1st quarter. Financial institution of New York Mellon Corp now owns 771,039 shares of the corporate’s inventory value $9,623,000 after shopping for an extra 37,677 shares within the final quarter. American Century Firms Inc. boosted its place in shares of Altice USA by 22.7% within the 1st quarter. American Century Firms Inc. now owns 23,401 shares of the corporate’s inventory value $292,000 after shopping for an extra 4,336 shares within the final quarter. Cetera Advisor Networks LLC boosted its place in shares of Altice USA by 35.6% within the 1st quarter. Cetera Advisor Networks LLC now owns 13,674 shares of the corporate’s inventory value $171,000 after shopping for an extra 3,588 shares within the final quarter. Acadian Asset Administration LLC bought a brand new stake in shares of Altice USA within the 1st quarter value about $351,000. Lastly, MetLife Funding Administration LLC bought a brand new stake in shares of Altice USA within the 1st quarter value about $134,000. 57.41% of the inventory is at present owned by hedge funds and different institutional traders.
Altice USA Inventory Efficiency
ATUS opened at $4.84 on Monday. The agency has a 50 day transferring common worth of $4.43 and a 200 day transferring common worth of $7.10. The corporate has a market cap of $2.20 billion, a PE ratio of three.43, a price-to-earnings-growth ratio of 0.46 and a beta of 1.36. Altice USA, Inc. has a 1 yr low of $3.68 and a 1 yr excessive of $16.17.
Altice USA (NYSE:ATUS – Get Rating) final posted its earnings outcomes on Wednesday, November 2nd. The corporate reported $0.19 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.34 by ($0.15). Altice USA had a unfavorable return on fairness of 119.88% and a web margin of 6.52%. The enterprise had income of $2.39 billion for the quarter, in comparison with analyst estimates of $2.45 billion. Throughout the identical interval final yr, the corporate posted $0.58 EPS. The agency’s income for the quarter was down 7.1% in comparison with the identical quarter final yr. On common, sell-side analysts predict that Altice USA, Inc. will put up 1.02 earnings per share for the present yr.
Wall Avenue Analysts Forecast Development
A lot of analysis companies have issued studies on ATUS. JPMorgan Chase & Co. decreased their goal worth on shares of Altice USA from $12.00 to $7.00 and set a “impartial” score on the inventory in a report on Thursday, November third. Credit score Suisse Group decreased their goal worth on shares of Altice USA from $7.00 to $6.00 and set a “impartial” score on the inventory in a report on Thursday, November third. TD Securities decreased their goal worth on shares of Altice USA from $16.00 to $9.00 and set a “purchase” score on the inventory in a report on Thursday, November third. Barclays decreased their goal worth on shares of Altice USA from $12.00 to $4.00 and set an “equal weight” score on the inventory in a report on Thursday, September twenty ninth. Lastly, Cowen decreased their goal worth on shares of Altice USA from $39.00 to $31.00 in a report on Thursday, November third. One analyst has rated the inventory with a promote score, fourteen have assigned a maintain score and 7 have given a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat, the corporate at present has a consensus score of “Maintain” and a consensus goal worth of $10.98.
Altice USA Profile
Altice USA, Inc, along with its subsidiaries, gives broadband communications and video companies in the US, Canada, Puerto Rico, and the Virgin Islands. It provides broadband, video, telephony, and cellular companies to roughly 5 million residential and enterprise prospects. The corporate’s video companies embrace supply of broadcast stations and cable networks; excessive companies; video-on-demand, high-definition channels, digital video recorder, and pay-per-view companies; and platforms for video programming by way of cellular functions.
Advisable Tales
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