Altice USA, Inc. (NYSE:ATUS) Shares Acquired by Taconic Capital Advisors LP

Taconic Capital Advisors LP increased its stake in Altice USA, Inc. (NYSE:ATUS) by 39.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,325,000 shares of the company’s stock after purchasing an additional 375,000 shares during the period. Altice USA accounts for 1.1% of Taconic Capital Advisors LP’s portfolio, making the stock its 10th largest holding. Taconic Capital Advisors LP owned about 0.29% of Altice USA worth $3,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. LPL Financial LLC acquired a new stake in shares of Altice USA in the 4th quarter valued at $25,000. Raymond James Financial Inc. bought a new position in Altice USA in the fourth quarter valued at about $30,000. Dynamic Technology Lab Private Ltd acquired a new stake in Altice USA in the fourth quarter worth about $43,000. State of Wyoming bought a new stake in Altice USA during the 4th quarter worth about $57,000. Finally, Nuveen Asset Management LLC bought a new stake in Altice USA during the 4th quarter worth about $60,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Altice USA Price Performance

Shares of NYSE:ATUS opened at $2.42 on Monday. The firm’s 50 day simple moving average is $2.51 and its 200 day simple moving average is $2.59. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.20. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -10.50 and a beta of 1.65.

Altice USA (NYSE:ATUS) last issued its earnings results on Thursday, May 8th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.16 billion. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.05) earnings per share. Equities research analysts expect that Altice USA, Inc. will post -0.24 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ATUS shares. Barclays raised their target price on shares of Altice USA from $2.00 to $3.00 and gave the company an “equal weight” rating in a research note on Friday, May 9th. The Goldman Sachs Group raised their price objective on shares of Altice USA from $2.00 to $2.25 and gave the company a “sell” rating in a research note on Friday, May 9th. Finally, Raymond James upgraded shares of Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 target price for the company in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $2.75.

About Altice USA

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.