Landscape Capital Management L.L.C. Raises Stock Holdings in Altice USA Inc (NYSE:ATUS)
Landscape Capital Management L.L.C. lifted its holdings in Altice USA Inc (NYSE:ATUS) by 121.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 242,001 shares of the company’s stock after buying an additional 132,768 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Altice USA were worth $5,893,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp boosted its position in shares of Altice USA by 3.7% during the 4th quarter. Northern Trust Corp now owns 285,186 shares of the company’s stock valued at $4,711,000 after acquiring an additional 10,179 shares during the last quarter. Norges Bank bought a new stake in shares of Altice USA during the 4th quarter valued at about $33,885,000. DNB Asset Management AS bought a new stake in shares of Altice USA during the 1st quarter valued at about $523,000. Calamos Advisors LLC bought a new stake in shares of Altice USA during the 1st quarter valued at about $484,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Altice USA during the 1st quarter valued at about $645,000. Hedge funds and other institutional investors own 50.13% of the company’s stock.
Altice USA stock traded up $0.53 during trading hours on Thursday, reaching $27.01. The company had a trading volume of 2,981,282 shares, compared to its average volume of 4,625,318. The company has a debt-to-equity ratio of 9.18, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a 50-day simple moving average of $25.72. The stock has a market cap of $17.15 billion, a price-to-earnings ratio of 337.63 and a beta of 0.99. Altice USA Inc has a 12-month low of $14.49 and a 12-month high of $27.74.
A number of analysts have recently issued reports on ATUS shares. Zacks Investment Research downgraded Altice USA from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Macquarie started coverage on Altice USA in a research report on Wednesday, June 19th. They issued a “buy” rating and a $30.00 target price for the company. TheStreet upgraded Altice USA from a “d+” rating to a “c+” rating in a research report on Thursday, April 25th. KeyCorp boosted their target price on Altice USA from $25.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, UBS Group boosted their target price on Altice USA from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.82.
In other Altice USA news, Director Dennis Okhuijsen sold 551,724 shares of Altice USA stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Olsen sold 30,000 shares of Altice USA stock in a transaction that occurred on 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 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.
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