Jane Street Group LLC purchased a new position in Altice USA Inc (NYSE:ATUS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 824,330 shares of the company’s stock, valued at approximately $14,063,000. Jane Street Group LLC owned approximately 0.11% of Altice USA as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ATUS. Royal Bank of Canada grew its stake in Altice USA by 392.3% in the first quarter. Royal Bank of Canada now owns 13,871,854 shares of the company’s stock worth $256,351,000 after purchasing an additional 11,053,821 shares in the last quarter. Scopia Capital Management LP bought a new position in Altice USA in the second quarter worth about $171,874,000. Pelham Capital Ltd. bought a new position in Altice USA in the second quarter worth about $118,536,000. Morgan Stanley lifted its holdings in Altice USA by 1,115.0% in the second quarter. Morgan Stanley now owns 4,429,699 shares of the company’s stock worth $75,570,000 after acquiring an additional 4,065,121 shares during the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in Altice USA in the second quarter worth about $65,879,000. Institutional investors and hedge funds own 37.44% of the company’s stock.

Shares of NYSE:ATUS opened at $19.12 on Tuesday. Altice USA Inc has a 12 month low of $16.25 and a 12 month high of $28.45. The company has a market cap of $14.00 billion, a P/E ratio of 956.00 and a beta of 0.63. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 5.65.

Altice USA (NYSE:ATUS) last announced its earnings results on Thursday, August 2nd. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.08). Altice USA had a negative return on equity of 5.44% and a net margin of 19.65%. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the firm earned ($0.73) EPS. Altice USA’s revenue for the quarter was up 1.8% on a year-over-year basis. analysts anticipate that Altice USA Inc will post -0.2 earnings per share for the current fiscal year.

ATUS has been the topic of a number of recent research reports. TD Securities raised their target price on shares of Altice USA from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley assumed coverage on Altice USA in a report on Thursday, June 21st. They set an “equal weight” rating and a $20.00 price target on the stock. Buckingham Research cut their price target on Altice USA from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, May 23rd. Guggenheim raised Altice USA from a “neutral” rating to a “buy” rating in a report on Monday, July 9th. They noted that the move was a valuation call. Finally, Wells Fargo & Co cut their price target on Altice USA from $23.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, June 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Altice USA presently has an average rating of “Buy” and a consensus target price of $25.98.

In related news, Vice Chairman Lisa Rosenblum sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, June 22nd. The stock was sold at an average price of $16.94, for a total transaction of $4,235,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David Connolly sold 129,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $18.31, for a total value of $2,361,990.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 416,502 shares of company stock worth $7,309,153. 2.00% of the stock is owned by corporate insiders.

Altice USA Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

Read More: Price to Earnings Ratio (PE)

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

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