Compass Rose Asset Management LP Has $2.41 Million Holdings in Altice USA, Inc. (NYSE:ATUS)

Compass Rose Asset Management LP decreased its holdings in Altice USA, Inc. (NYSE:ATUS) by 20.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,000,000 shares of the company’s stock after selling 250,000 shares during the period. Altice USA accounts for approximately 1.0% of Compass Rose Asset Management LP’s investment portfolio, making the stock its 13th biggest holding. Compass Rose Asset Management LP’s holdings in Altice USA were worth $2,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ATUS. JPMorgan Chase & Co. grew its position in shares of Altice USA by 238.7% in 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 last quarter. Bracebridge Capital LLC increased its position in Altice USA by 35.5% during the 4th quarter. Bracebridge Capital LLC now owns 8,854,977 shares of the company’s stock valued at $21,340,000 after purchasing an additional 2,322,337 shares during the period. Apollo Management Holdings L.P. raised its holdings in Altice USA by 21.9% during the 4th quarter. Apollo Management Holdings L.P. now owns 12,192,050 shares of the company’s stock worth $29,383,000 after purchasing an additional 2,192,050 shares during the last quarter. Tudor Investment Corp ET AL lifted its position 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 purchasing an additional 1,950,437 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Altice USA by 32.8% in 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. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Raymond James raised Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price objective for the company in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $2.67.

Altice USA Trading Up 4.5 %

Shares of Altice USA stock opened at $2.65 on Wednesday. The company has a market capitalization of $1.23 billion, a P/E ratio of -11.50 and a beta of 1.65. The stock has a fifty day simple moving average of $2.49 and a 200 day simple moving average of $2.58. Altice USA, Inc. has a 12-month low of $1.52 and a 12-month high of $3.20.

Altice USA (NYSE:ATUS) last posted its earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). On average, analysts predict that Altice USA, Inc. will post -0.24 EPS 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.