Hound Partners LLC lowered its position in shares of Altice USA Inc (NYSE:ATUS) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,038,730 shares of the company’s stock after selling 26,443 shares during the quarter. Altice USA accounts for 1.2% of Hound Partners LLC’s investment portfolio, making the stock its 18th largest holding. Hound Partners LLC’s holdings in Altice USA were worth $43,282,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Lucerne Capital Management LP purchased a new position in Altice USA during the 4th quarter worth $129,721,000. BlackRock Inc. raised its position in Altice USA by 161.5% during the 4th quarter. BlackRock Inc. now owns 3,227,522 shares of the company’s stock worth $68,520,000 after buying an additional 1,993,479 shares during the last quarter. Pelham Capital Ltd. raised its position in Altice USA by 54.9% during the 4th quarter. Pelham Capital Ltd. now owns 2,555,474 shares of the company’s stock worth $54,253,000 after buying an additional 905,474 shares during the last quarter. Thornburg Investment Management Inc. raised its position in Altice USA by 15.5% during the 3rd quarter. Thornburg Investment Management Inc. now owns 2,469,626 shares of the company’s stock worth $67,445,000 after buying an additional 332,260 shares during the last quarter. Finally, Lakewood Capital Management LP purchased a new position in shares of Altice USA in the 4th quarter valued at about $34,913,000. Institutional investors own 16.08% of the company’s stock.

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Altice USA Inc (NYSE ATUS) opened at $20.25 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.88. Altice USA Inc has a twelve month low of $17.80 and a twelve month high of $35.29. The firm has a market cap of $14,930.00 and a PE ratio of -17.02.

Altice USA (NYSE:ATUS) last posted its earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. equities research analysts anticipate that Altice USA Inc will post 0.13 earnings per share for the current fiscal year.

A number of equities analysts have recently issued reports on ATUS shares. Royal Bank of Canada cut their price target on shares of Altice USA from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Tuesday, November 14th. Morgan Stanley cut their price target on shares of Altice USA from $32.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, November 14th. Pivotal Research cut their price target on shares of Altice USA from $30.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, December 6th. Barclays set a $22.00 price target on shares of Altice USA and gave the company a “hold” rating in a report on Wednesday, December 6th. Finally, Societe Generale started coverage on shares of Altice USA in a report on Wednesday, December 13th. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Altice USA has an average rating of “Buy” and an average target price of $30.92.

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Altice USA Company Profile

Altice USA, Inc is engaged in providing broadband communications and video services in the United States. The Company’s segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area.

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Institutional Ownership by Quarter for Altice USA (NYSE:ATUS)

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