Compass Rose Asset Management LP Acquires 1,350,000 Shares of Altice USA, Inc. $ATUS

Compass Rose Asset Management LP increased its holdings in shares of Altice USA, Inc. (NYSE:ATUS) by 108.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,600,000 shares of the company’s stock after acquiring an additional 1,350,000 shares during the quarter. Altice USA makes up about 1.1% of Compass Rose Asset Management LP’s holdings, making the stock its 12th largest position. Compass Rose Asset Management LP’s holdings in Altice USA were worth $5,564,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DoubleLine ETF Adviser LP bought a new position in Altice USA in the 1st quarter valued at $29,000. May Hill Capital LLC bought a new stake in shares of Altice USA during the 2nd quarter worth $29,000. R Squared Ltd boosted its holdings in shares of Altice USA by 56.0% in the 1st quarter. R Squared Ltd now owns 15,490 shares of the company’s stock worth $41,000 after buying an additional 5,560 shares during the last quarter. CWM LLC grew its position in Altice USA by 251.5% during the second quarter. CWM LLC now owns 22,280 shares of the company’s stock valued at $48,000 after buying an additional 15,941 shares during the period. Finally, Savant Capital LLC bought a new position in Altice USA during the second quarter valued at about $57,000. Hedge funds and other institutional investors own 54.85% of the company’s stock.

Analysts Set New Price Targets

ATUS has been the topic of a number of research analyst reports. Evercore ISI set a $2.50 target price on shares of Altice USA in a research note on Friday. Zacks Research cut shares of Altice USA from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. Barclays dropped their price objective on Altice USA from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research note on Friday. The Goldman Sachs Group began coverage on Altice USA in a research report on Tuesday, September 2nd. They issued a “sell” rating and a $2.00 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Altice USA in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $2.60.

Altice USA Stock Up 0.7%

NYSE ATUS opened at $2.09 on Friday. The firm has a market cap of $977.14 million, a P/E ratio of -0.53 and a beta of 1.63. The company’s 50 day moving average is $2.38 and its 200-day moving average is $2.38. Altice USA, Inc. has a 12-month low of $1.88 and a 12-month high of $3.20.

Altice USA (NYSE:ATUS) last released its quarterly earnings data on Thursday, November 6th. The company reported ($3.47) EPS for the quarter, missing the consensus estimate of ($0.04) by ($3.43). The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business posted ($0.09) earnings per share. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities analysts expect 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.