Regal Investment Advisors LLC Sells 8,744 Shares of Altice USA, Inc. (NYSE:ATUS)

Regal Investment Advisors LLC trimmed its holdings in shares of Altice USA, Inc. (NYSE:ATUSGet Rating) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,653 shares of the company’s stock after selling 8,744 shares during the period. Regal Investment Advisors LLC’s holdings in Altice USA were worth $949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in Altice USA during the 4th quarter valued at $25,000. Counterpoint Mutual Funds LLC purchased a new stake in Altice USA during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC purchased a new stake in Altice USA during the 4th quarter valued at $33,000. Parallel Advisors LLC boosted its stake in Altice USA by 571.0% during the 4th quarter. Parallel Advisors LLC now owns 2,174 shares of the company’s stock valued at $35,000 after purchasing an additional 1,850 shares during the last quarter. Finally, Lenox Wealth Advisors LLC purchased a new stake in Altice USA during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 54.30% of the company’s stock.

Shares of ATUS stock traded up $0.10 during trading hours on Friday, hitting $9.45. The stock had a trading volume of 2,983,563 shares, compared to its average volume of 5,263,675. Altice USA, Inc. has a one year low of $8.67 and a one year high of $38.00. The stock’s 50-day moving average price is $11.23 and its two-hundred day moving average price is $13.86. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 4.73, a PEG ratio of 0.27 and a beta of 1.22.

Altice USA (NYSE:ATUSGet Rating) last issued its earnings results on Thursday, April 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.11. Altice USA had a negative return on equity of 95.86% and a net margin of 9.10%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. As a group, analysts forecast that Altice USA, Inc. will post 1.47 EPS for the current year.

A number of equities analysts have recently issued reports on ATUS shares. Morgan Stanley dropped their price target on Altice USA from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Friday, April 8th. Cowen raised their price target on Altice USA from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Thursday, February 17th. Pivotal Research dropped their price target on Altice USA from $18.00 to $15.00 in a research note on Friday, April 29th. TD Securities dropped their price target on Altice USA from $26.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, April 29th. Finally, Zacks Investment Research downgraded Altice USA from a “hold” rating to a “sell” rating and set a $13.00 price target on the stock. in a research note on Wednesday, January 19th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.58.

About Altice USA (Get Rating)

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 approximately five million 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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