D. E. Shaw & Co. Inc. Decreases Stake in Altice USA, Inc. (NYSE:ATUS)

D. E. Shaw & Co. Inc. lessened its position in shares of Altice USA, Inc. (NYSE:ATUS) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,175,072 shares of the company’s stock after selling 190,478 shares during the quarter. D. E. Shaw & Co. Inc. owned about 2.42% of Altice USA worth $26,932,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Altice USA by 238.7% during the 4th quarter. JPMorgan Chase & Co. now owns 6,444,193 shares of the company’s stock valued at $15,531,000 after buying an additional 4,541,359 shares during the period. Bracebridge Capital LLC increased its position in Altice USA by 35.5% during the fourth quarter. Bracebridge Capital LLC now owns 8,854,977 shares of the company’s stock valued at $21,340,000 after acquiring an additional 2,322,337 shares during the last quarter. Apollo Management Holdings L.P. raised its stake in shares of Altice USA by 21.9% in the fourth quarter. Apollo Management Holdings L.P. now owns 12,192,050 shares of the company’s stock valued at $29,383,000 after acquiring an additional 2,192,050 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of Altice USA by 331.1% in the 4th quarter. Tudor Investment Corp ET AL now owns 2,539,489 shares of the company’s stock worth $6,120,000 after acquiring an additional 1,950,437 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Altice USA by 32.8% during the 4th quarter. Renaissance Technologies LLC now owns 4,181,200 shares of the company’s stock worth $10,077,000 after purchasing an additional 1,033,200 shares during the period. Institutional investors own 54.85% of the company’s stock.

Altice USA Price Performance

Shares of ATUS stock opened at $2.63 on Monday. The company has a market capitalization of $1.22 billion, a P/E ratio of -11.43 and a beta of 1.65. The company’s 50-day simple moving average is $2.48 and its two-hundred day simple moving average is $2.58. Altice USA, Inc. has a one year low of $1.52 and a one year high of $3.20.

Altice USA (NYSE:ATUS) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) earnings per share. On average, research analysts expect that Altice USA, Inc. will post -0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on ATUS. Raymond James upgraded shares of Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price target on the stock in a report on Tuesday, February 18th. The Goldman Sachs Group upped their target price on Altice USA from $2.00 to $2.25 and gave the company a “sell” rating in a research note on Friday. Finally, Barclays raised their price target on Altice USA from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.75.

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.