Credit Agricole S A Takes $978,000 Position in Altice USA Inc (ATUS)
Credit Agricole S A bought a new stake in Altice USA Inc (NYSE:ATUS) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 57,331 shares of the company’s stock, valued at approximately $978,000.
Several other hedge funds also recently made changes to their positions in ATUS. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Altice USA in the second quarter valued at approximately $104,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Altice USA in the second quarter valued at approximately $140,000. Zeke Capital Advisors LLC purchased a new stake in shares of Altice USA in the second quarter valued at approximately $177,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Altice USA in the second quarter valued at approximately $178,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Altice USA in the second quarter valued at approximately $186,000. Institutional investors own 37.44% of the company’s stock.
In other news, VP David Connolly sold 129,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $18.31, for a total value of $2,361,990.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Lisa Rosenblum sold 250,000 shares of the business’s stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $16.94, for a total value of $4,235,000.00. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
ATUS opened at $17.85 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 5.65. Altice USA Inc has a one year low of $16.25 and a one year high of $31.31.
Altice USA (NYSE:ATUS) last posted its earnings results on Thursday, August 2nd. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.08). The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Altice USA had a negative return on equity of 5.44% and a net margin of 19.65%. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.73) earnings per share. sell-side analysts expect that Altice USA Inc will post -0.2 earnings per share 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. 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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