UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.21 Million Stock Holdings in Altice USA, Inc. (NYSE:ATUS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Altice USA, Inc. (NYSE:ATUS) by 9.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 491,626 shares of the company’s stock after selling 48,632 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Altice USA were worth $1,209,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC bought a new position in Altice USA in the 2nd quarter valued at about $25,000. D.A. Davidson & CO. bought a new position in Altice USA during the 3rd quarter worth $32,000. US Bancorp DE lifted its holdings in shares of Altice USA by 30.2% during the third 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. nVerses Capital LLC bought a new stake in shares of Altice USA in the third quarter valued at about $74,000. Finally, Handelsbanken Fonder AB increased its position in Altice USA by 102.2% during the third quarter. Handelsbanken Fonder AB now owns 36,000 shares of the company’s stock worth $89,000 after acquiring an additional 18,200 shares during the period. Institutional investors and hedge funds own 54.85% of the company’s stock.

Altice USA Price Performance

NYSE:ATUS opened at $2.55 on Wednesday. Altice USA, Inc. has a one year low of $1.52 and a one year high of $3.66. The company has a market cap of $1.18 billion, a PE ratio of -6.89 and a beta of 1.53. The firm has a 50-day moving average of $2.51 and a 200-day moving average of $2.20.

Altice USA (NYSE:ATUS) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.13). Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the company posted $0.15 EPS. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts expect that Altice USA, Inc. will post -0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ATUS shares. TD Cowen dropped their price target on shares of Altice USA from $6.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Citigroup lifted their target price 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. Five research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Altice USA currently has an average rating of “Hold” and an average price target of $2.30.

Insider Activity at Altice USA

In other Altice USA news, Director Alt S.A.R.L. Next sold 805,230 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $24.50, for a total value of $19,728,135.00. Following the completion of the sale, the director now owns 11,483,262 shares in the company, valued at approximately $281,339,919. This trade represents a 6.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 12,883,641 shares of company stock valued at $315,649,205 over the last ninety days. Corporate insiders own 52.90% of the company’s stock.

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.