Executive Wealth Management LLC grew its position in shares of Altice USA Inc (NYSE:ATUS) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,292 shares of the company’s stock after buying an additional 2,116 shares during the period. Executive Wealth Management LLC’s holdings in Altice USA were worth $1,127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ATUS. Neuberger Berman Group LLC lifted its position in shares of Altice USA by 425.2% during the 1st quarter. Neuberger Berman Group LLC now owns 4,926,363 shares of the company’s stock valued at $105,818,000 after buying an additional 3,988,331 shares during the last quarter. FMR LLC lifted its position in shares of Altice USA by 25.6% during the 1st quarter. FMR LLC now owns 11,272,679 shares of the company’s stock valued at $242,137,000 after buying an additional 2,299,328 shares during the last quarter. Norges Bank purchased a new position in shares of Altice USA during the 4th quarter valued at $33,885,000. Miura Global Management LLC lifted its position in shares of Altice USA by 200.0% during the 1st quarter. Miura Global Management LLC now owns 2,100,000 shares of the company’s stock valued at $45,108,000 after buying an additional 1,400,000 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Altice USA during the 1st quarter valued at $26,961,000. 50.13% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the company. UBS Group boosted their price objective on Altice USA from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. ValuEngine lowered Altice USA from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. KeyCorp boosted their price objective on Altice USA from $25.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Macquarie assumed coverage on Altice USA in a research note on Wednesday, June 19th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Altice USA from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Altice USA currently has a consensus rating of “Buy” and an average price target of $29.82.

Shares of NYSE:ATUS traded up $0.41 during midday trading on Thursday, reaching $26.89. 134,463 shares of the company traded hands, compared to its average volume of 4,625,318. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 9.18. Altice USA Inc has a 12 month low of $14.49 and a 12 month high of $27.74. The company has a market capitalization of $17.15 billion, a price-to-earnings ratio of 335.13 and a beta of 0.99. The business’s fifty day moving average price is $25.72.

Altice USA (NYSE:ATUS) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Altice USA had a return on equity of 13.57% and a net margin of 3.16%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the company posted ($0.13) EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that Altice USA Inc will post 0.56 earnings per share for the current year.

In other Altice USA news, Director Dennis Okhuijsen sold 551,724 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $24.67, for a total value of $13,611,031.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael Olsen sold 30,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $27.03, for a total value of $810,900.00. The disclosure for this sale can be found here. 45.00% of the stock is owned by corporate insiders.

Altice USA Company 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.

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

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