Zimmer Partners LP lifted its stake in Altice USA Inc (NYSE:ATUS) by 48.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,470,100 shares of the company’s stock after purchasing an additional 1,131,750 shares during the period. Altice USA accounts for 1.8% of Zimmer Partners LP’s portfolio, making the stock its 19th largest position. Zimmer Partners LP owned 0.47% of Altice USA worth $73,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of ATUS. Stifel Financial Corp acquired a new stake in Altice USA during the 3rd quarter worth $224,000. MANA Advisors LLC acquired a new stake in Altice USA during the 4th quarter worth $235,000. Virtu Financial LLC acquired a new stake in Altice USA during the 4th quarter worth $272,000. Ellington Management Group LLC acquired a new stake in Altice USA during the 4th quarter worth $291,000. Finally, Guggenheim Capital LLC acquired a new stake in Altice USA during the 4th quarter worth $334,000. 16.08% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on ATUS shares. Barclays set a $22.00 target price on shares of Altice USA and gave the stock a “hold” rating in a report on Wednesday, December 6th. Pivotal Research lowered their target price on shares of Altice USA from $30.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, December 6th. Royal Bank of Canada lowered their target price on shares of Altice USA from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Tuesday, November 14th. Zacks Investment Research raised shares of Altice USA from a “sell” rating to a “hold” rating in a report on Thursday, March 8th. Finally, Goldman Sachs Group raised shares of Altice USA from a “buy” rating to a “conviction-buy” rating and reduced their price target for the stock from $28.00 to $19.91 in a research report on Tuesday. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Altice USA presently has an average rating of “Buy” and a consensus target price of $30.92.
Altice USA (NYSE:ATUS) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. research analysts anticipate that Altice USA Inc will post 0.13 EPS for the current year.
Altice USA Company Profile
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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