Nomura Holdings Inc. Acquires 236,933 Shares of Altice USA, Inc. (NYSE:ATUS)

Nomura Holdings Inc. increased its holdings in Altice USA, Inc. (NYSE:ATUS) by 343.0% in the fourth quarter, HoldingsChannel reports. The firm owned 306,009 shares of the company’s stock after purchasing an additional 236,933 shares during the period. Nomura Holdings Inc.’s holdings in Altice USA were worth $995,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ATUS. Charles Schwab Investment Management Inc. grew its holdings in Altice USA by 9.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,237,614 shares of the company’s stock valued at $4,047,000 after purchasing an additional 109,370 shares during the last quarter. Paralel Advisors LLC raised its holdings in Altice USA by 1.1% in the 3rd quarter. Paralel Advisors LLC now owns 559,178 shares of the company’s stock worth $1,829,000 after acquiring an additional 6,319 shares during the period. Rafferty Asset Management LLC raised its holdings in Altice USA by 44.9% in the 3rd quarter. Rafferty Asset Management LLC now owns 242,938 shares of the company’s stock worth $794,000 after acquiring an additional 75,280 shares during the period. FMR LLC lifted its position in Altice USA by 0.6% during the 3rd quarter. FMR LLC now owns 4,767,457 shares of the company’s stock worth $15,590,000 after acquiring an additional 29,995 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Altice USA in the third quarter valued at about $72,000. 54.85% of the stock is owned by institutional investors and hedge funds.

Altice USA Price Performance

ATUS opened at $2.07 on Friday. Altice USA, Inc. has a fifty-two week low of $1.75 and a fifty-two week high of $3.82. The company has a market capitalization of $952.12 million, a P/E ratio of 207.00, a P/E/G ratio of 0.62 and a beta of 1.50. The firm’s fifty day moving average price is $2.19 and its two-hundred day moving average price is $2.40.

Altice USA (NYSE:ATUS) last issued its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.24 billion. Altice USA had a net margin of 0.07% and a negative return on equity of 1.54%. Altice USA’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. On average, equities research analysts expect that Altice USA, Inc. will post 0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ATUS shares. Evercore ISI reissued an “in-line” rating and set a $3.00 price objective on shares of Altice USA in a research report on Tuesday, March 26th. Wells Fargo & Company cut Altice USA from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $2.00 to $1.00 in a research report on Friday, April 5th. Benchmark reaffirmed a “buy” rating and set a $5.00 target price on shares of Altice USA in a research report on Wednesday, March 20th. BNP Paribas downgraded shares of Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 price target for the company. in a report on Tuesday, April 9th. Finally, Bank of America started coverage on shares of Altice USA in a report on Wednesday, April 24th. They set an “underperform” rating and a $1.50 price objective on the stock. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.41.

Altice USA Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.