Daiwa Securities Group Inc. Purchases 11,500 Shares of Altice USA Inc (NYSE:ATUS)

Daiwa Securities Group Inc. lifted its position in Altice USA Inc (NYSE:ATUS) by 43.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,038 shares of the company’s stock after acquiring an additional 11,500 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Altice USA were worth $1,091,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of ATUS. Connor Clark & Lunn Investment Management Ltd. increased its stake in Altice USA by 1.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 39,103 shares of the company’s stock valued at $952,000 after buying an additional 400 shares during the period. Advisor Group Inc. increased its stake in Altice USA by 26.6% in the 2nd quarter. Advisor Group Inc. now owns 4,503 shares of the company’s stock valued at $111,000 after buying an additional 945 shares during the period. Verde Servicos Internacionais S.A. increased its stake in Altice USA by 0.8% in the 3rd quarter. Verde Servicos Internacionais S.A. now owns 154,672 shares of the company’s stock valued at $4,435,000 after buying an additional 1,238 shares during the period. Cerebellum GP LLC increased its stake in Altice USA by 9.8% in the 3rd quarter. Cerebellum GP LLC now owns 15,412 shares of the company’s stock valued at $442,000 after buying an additional 1,374 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Altice USA by 3.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 38,564 shares of the company’s stock valued at $1,105,000 after buying an additional 1,380 shares during the period. Institutional investors and hedge funds own 56.28% of the company’s stock.

Shares of ATUS traded down $0.44 during mid-day trading on Wednesday, hitting $24.92. 5,373,266 shares of the company’s stock were exchanged, compared to its average volume of 5,173,084. Altice USA Inc has a twelve month low of $15.15 and a twelve month high of $31.78. The firm has a fifty day moving average of $27.88 and a two-hundred day moving average of $26.80. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 11.57. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 311.50 and a beta of 0.80.

Altice USA (NYSE:ATUS) last posted its earnings results on Tuesday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. Altice USA had a net margin of 3.61% and a return on equity of 17.04%. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same period last year, the business posted $0.04 EPS. Altice USA’s revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that Altice USA Inc will post 0.57 earnings per share for the current year.

ATUS has been the topic of several research reports. Pivotal Research reiterated a “buy” rating and issued a $40.00 price objective on shares of Altice USA in a research note on Friday, October 11th. Barclays lowered shares of Altice USA from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $33.00 to $31.00 in a research note on Wednesday, November 6th. Citigroup upped their price objective on shares of Altice USA from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Atlantic Securities lowered shares of Altice USA from an “overweight” rating to a “neutral” rating in a research note on Wednesday, November 6th. Finally, TD Securities dropped their price target on shares of Altice USA from $33.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Altice USA presently has an average rating of “Buy” and a consensus target price of $31.75.

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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