Altice USA, Inc. (NYSE:ATUS) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC lessened its stake in shares of Altice USA, Inc. (NYSE:ATUS) by 42.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 115,225 shares of the company’s stock after selling 83,875 shares during the period. Integrated Investment Consultants LLC’s holdings in Altice USA were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its holdings in Altice USA by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,669,487 shares of the company’s stock valued at $11,566,000 after purchasing an additional 24,501 shares in the last quarter. LMR Partners LLP lifted its stake in shares of Altice USA by 217.5% in the third quarter. LMR Partners LLP now owns 3,000,000 shares of the company’s stock worth $7,380,000 after buying an additional 2,055,000 shares in the last quarter. King Street Capital Management L.P. acquired a new position in Altice USA during the second quarter worth about $5,100,000. Apollo Management Holdings L.P. grew its stake in Altice USA by 4.6% during the 1st quarter. Apollo Management Holdings L.P. now owns 2,281,533 shares of the company’s stock valued at $5,955,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Empyrean Capital Partners LP acquired a new stake in Altice USA in the 2nd quarter valued at about $4,080,000. 54.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ATUS. TD Cowen dropped their price target on Altice USA from $6.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, November 5th. UBS Group downgraded Altice USA from a “buy” rating to a “neutral” rating and cut their target price for the stock from $4.00 to $2.00 in a research note on Friday, August 2nd. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.22.

Insider Activity at Altice USA

In related news, Director Alt S.A.R.L. Next sold 805,227 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the completion of the transaction, the director now directly owns 25,172,139 shares in the company, valued at $616,717,405.50. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 7,247,043 shares of company stock worth $177,552,554. Insiders own 52.90% of the company’s stock.

Altice USA Stock Performance

NYSE ATUS opened at $2.59 on Friday. The stock has a fifty day simple moving average of $2.45 and a 200-day simple moving average of $2.17. The stock has a market cap of $1.20 billion, a PE ratio of -7.00, a P/E/G ratio of 47.38 and a beta of 1.52. Altice USA, Inc. has a twelve month low of $1.52 and a twelve month high of $3.66.

Altice USA (NYSE:ATUS) last announced its earnings results on Monday, November 4th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.13). The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. Research analysts predict that Altice USA, Inc. will post 0.01 EPS for the current year.

Altice USA Company 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.