Laurion Capital Management LP purchased a new stake in Altice USA Inc (NASDAQ:ATUS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 600,000 shares of the company’s stock, valued at approximately $19,380,000. Laurion Capital Management LP owned 0.09% of Altice USA as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BT Investment Management Ltd purchased a new position in Altice USA in the second quarter valued at approximately $593,000. Franklin Resources Inc. purchased a new position in Altice USA in the second quarter valued at approximately $69,443,000. Atlantic Trust Group LLC purchased a new position in Altice USA in the second quarter valued at approximately $323,000. JPMorgan Chase & Co. purchased a new position in Altice USA in the second quarter valued at approximately $4,329,000. Finally, DSAM Partners London Ltd purchased a new position in Altice USA in the second quarter valued at approximately $16,692,000.

Shares of Altice USA Inc (NASDAQ ATUS) traded down 7.39% during mid-day trading on Friday, hitting $27.30. 5,102,323 shares of the company were exchanged. The stock’s market cap is $20.12 billion. Altice USA Inc has a 12-month low of $27.27 and a 12-month high of $35.29. The stock’s 50-day moving average price is $30.77 and its 200 day moving average price is $31.35.

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A number of analysts have recently issued reports on ATUS shares. Deutsche Bank AG started coverage on shares of Altice USA in a research note on Monday, July 17th. They set a “buy” rating and a $36.00 price objective on the stock. Goldman Sachs Group, Inc. (The) started coverage on shares of Altice USA in a research note on Monday, July 17th. They set a “neutral” rating and a $33.00 price objective on the stock. Pivotal Research started coverage on shares of Altice USA in a research note on Thursday, June 22nd. They set a “buy” rating and a $38.00 price objective on the stock. Wells Fargo & Company started coverage on shares of Altice USA in a research note on Wednesday, July 26th. They set a “market perform” rating and a $34.00 price objective on the stock. Finally, Citigroup Inc. started coverage on shares of Altice USA in a research note on Monday, July 17th. They set a “buy” rating and a $44.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Altice USA currently has a consensus rating of “Buy” and an average price target of $35.92.

In related news, major shareholder Bc European Capital Ix Ltd sold 36,197,360 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $29.01, for a total value of $1,050,085,413.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Abdelhakim Boubazine purchased 65,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The stock was purchased at an average price of $30.00 per share, for a total transaction of $1,950,000.00. Following the acquisition, the insider now owns 937,544 shares of the company’s stock, valued at $28,126,320. The disclosure for this purchase can be found here. Insiders purchased 74,000 shares of company stock valued at $2,220,000 over the last 90 days.

About Altice USA

Altice USA, Inc is engaged in providing broadband communications and video services in the United States. The Company’s segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area.

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Institutional Ownership by Quarter for Altice USA (NASDAQ:ATUS)

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