Bruni J V & Co. Co. Sells 5,008 Shares of Altice USA, Inc. (NYSE:ATUS)

Bruni J V & Co. Co. reduced its stake in Altice USA, Inc. (NYSE:ATUS) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 710,572 shares of the company’s stock after selling 5,008 shares during the quarter. Altice USA accounts for 0.2% of Bruni J V & Co. Co.’s portfolio, making the stock its 28th largest position. Bruni J V & Co. Co. owned approximately 0.15% of Altice USA worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ATUS. Quadrature Capital Ltd bought a new stake in Altice USA during the 3rd quarter worth about $27,000. D.A. Davidson & CO. bought a new stake in Altice USA during the 3rd quarter worth about $32,000. Wolverine Trading LLC bought a new stake in Altice USA during the 3rd quarter worth about $39,000. US Bancorp DE lifted its position in Altice USA by 30.2% during the 3rd quarter. US Bancorp DE now owns 21,530 shares of the company’s stock worth $53,000 after buying an additional 5,000 shares in the last quarter. Finally, Creative Planning lifted its position in Altice USA by 64.1% during the 3rd quarter. Creative Planning now owns 57,616 shares of the company’s stock worth $142,000 after buying an additional 22,497 shares in the last quarter. 54.85% of the stock is owned by institutional investors.

Insider Activity at Altice USA

In other Altice USA news, Director Alt S.A.R.L. Next sold 805,227 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the transaction, the director now owns 17,925,096 shares in the company, valued at $439,164,852. This represents a 4.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 6,441,834 shares of company stock worth $157,824,933. Insiders own 52.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. TD Cowen cut their price target on shares of Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Citigroup boosted their price target on shares of Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Raymond James raised shares of Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 target price on the stock in a report on Tuesday, February 18th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Altice USA presently has an average rating of “Hold” and a consensus target price of $2.41.

Altice USA Stock Performance

Shares of ATUS opened at $2.86 on Friday. Altice USA, Inc. has a 52 week low of $1.52 and a 52 week high of $3.20. The firm has a market cap of $1.32 billion, a P/E ratio of -12.43 and a beta of 1.52. The firm’s 50-day simple moving average is $2.70 and its 200 day simple moving average is $2.46.

Altice USA (NYSE:ATUS) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). As a group, equities analysts forecast that Altice USA, Inc. will post -0.24 earnings per share 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.