Alaska Permanent Fund Corp Decreases Stock Holdings in Altice USA, Inc. (NYSE:ATUS)

Alaska Permanent Fund Corp trimmed its position in shares of Altice USA, Inc. (NYSE:ATUS) by 16.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 703,916 shares of the company’s stock after selling 140,784 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Altice USA were worth $2,288,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ATUS. Sherbrooke Park Advisers LLC bought a new position in Altice USA in the 3rd quarter worth $37,000. Aigen Investment Management LP purchased a new position in shares of Altice USA during the third quarter valued at about $72,000. Aristeia Capital LLC bought a new position in Altice USA in the third quarter worth about $95,000. SG Americas Securities LLC raised its stake in Altice USA by 81.9% in the third quarter. SG Americas Securities LLC now owns 41,793 shares of the company’s stock worth $137,000 after buying an additional 18,815 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its holdings in Altice USA by 8.8% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 60,000 shares of the company’s stock worth $196,000 after buying an additional 4,872 shares during the period. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ATUS shares. BNP Paribas downgraded Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 target price on the stock. in a report on Tuesday, April 9th. Benchmark reaffirmed a “buy” rating and issued a $5.00 price target on shares of Altice USA in a research note on Wednesday, March 20th. Wells Fargo & Company lowered Altice USA from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $2.00 to $1.00 in a research report on Friday, April 5th. Bank of America started coverage on shares of Altice USA in a research report on Wednesday. They issued an “underperform” rating and a $1.50 target price on the stock. Finally, Evercore ISI reissued an “in-line” rating and set a $3.00 price target on shares of Altice USA in a research report on Tuesday, March 26th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $2.68.

Altice USA Trading Down 4.1 %

Altice USA stock traded down $0.08 during mid-day trading on Thursday, hitting $1.88. The stock had a trading volume of 162,746 shares, compared to its average volume of 3,995,529. Altice USA, Inc. has a one year low of $1.75 and a one year high of $3.82. The firm has a market capitalization of $857.51 million, a P/E ratio of 16.33 and a beta of 1.35. The firm’s 50 day moving average is $2.42 and its 200 day moving average is $2.51.

Altice USA (NYSE:ATUS) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.33). Altice USA had a negative return on equity of 12.81% and a net margin of 0.58%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the company earned ($0.43) EPS. The business’s revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts forecast that Altice USA, Inc. will post 0.19 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, 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.