Sei Investments Co. Has $1.77 Million Stake in Altice USA Inc (ATUS)

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Sei Investments Co. raised its stake in shares of Altice USA Inc (NYSE:ATUS) by 141.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,719 shares of the company’s stock after purchasing an additional 60,768 shares during the quarter. Sei Investments Co.’s holdings in Altice USA were worth $1,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in ATUS. Wells Fargo & Company MN lifted its position in Altice USA by 19.6% during the first quarter. Wells Fargo & Company MN now owns 39,236 shares of the company’s stock valued at $725,000 after purchasing an additional 6,441 shares during the last quarter. Alps Advisors Inc. bought a new stake in Altice USA during the first quarter valued at approximately $439,000. SG Americas Securities LLC bought a new stake in Altice USA during the first quarter valued at approximately $342,000. DekaBank Deutsche Girozentrale bought a new stake in Altice USA during the first quarter valued at approximately $1,091,000. Finally, Trexquant Investment LP lifted its position in Altice USA by 338.7% during the first quarter. Trexquant Investment LP now owns 42,286 shares of the company’s stock valued at $781,000 after purchasing an additional 32,648 shares during the last quarter. Institutional investors and hedge funds own 37.44% of the company’s stock.

Shares of ATUS opened at $17.39 on Friday. The company has a market capitalization of $13.19 billion, a PE ratio of 869.50 and a beta of 0.64. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.32 and a quick ratio of 0.32. Altice USA Inc has a fifty-two week low of $16.25 and a fifty-two week high of $30.78.

Altice USA (NYSE:ATUS) last announced its quarterly earnings data on Thursday, August 2nd. The company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.08). The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.37 billion. Altice USA had a negative return on equity of 5.44% and a net margin of 19.65%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.73) earnings per share. equities research analysts expect that Altice USA Inc will post -0.2 earnings per share for the current year.

In related news, Vice Chairman Lisa Rosenblum sold 250,000 shares of Altice USA stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $16.94, for a total value of $4,235,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David Connolly sold 129,000 shares of Altice USA stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $18.31, for a total transaction of $2,361,990.00. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Several equities research analysts have issued reports on the stock. Wells Fargo & Co dropped their target price on shares of Altice USA from $23.00 to $21.00 and set a “market perform” rating for the company in a research report on Tuesday, June 12th. TD Securities dropped their target price on shares of Altice USA from $25.00 to $24.00 and set a “buy” rating for the company in a research report on Wednesday, May 16th. KeyCorp assumed coverage on shares of Altice USA in a research report on Wednesday, May 16th. They set an “overweight” rating and a $25.00 target price for the company. Citigroup dropped their target price on shares of Altice USA from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Finally, Morgan Stanley assumed coverage on shares of Altice USA in a research report on Thursday, June 21st. They set an “equal weight” rating and a $20.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Altice USA presently has an average rating of “Buy” and an average price target of $26.19.

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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