Mitsubishi UFJ Trust & Banking Corp Sells 112,656 Shares of Altice USA, Inc. (NYSE:ATUS)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Altice USA, Inc. (NYSE:ATUS) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 865,077 shares of the company’s stock after selling 112,656 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.19% of Altice USA worth $2,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swiss National Bank lifted its stake in shares of Altice USA by 2.0% in the fourth quarter. Swiss National Bank now owns 407,700 shares of the company’s stock worth $983,000 after buying an additional 8,000 shares during the last quarter. LPL Financial LLC acquired a new position in Altice USA during the 4th quarter worth $25,000. Quadrature Capital Ltd bought a new stake in Altice USA during the third quarter valued at about $27,000. Raymond James Financial Inc. acquired a new stake in shares of Altice USA in the fourth quarter valued at about $30,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Altice USA in the third quarter valued at about $32,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ATUS shares. Citigroup increased their target price on Altice USA from $2.50 to $3.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Raymond James raised Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price objective for the company in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Altice USA presently has a consensus rating of “Hold” and a consensus price target of $2.15.

Altice USA Trading Down 3.4 %

Shares of NYSE ATUS opened at $2.68 on Tuesday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -11.63 and a beta of 1.58. Altice USA, Inc. has a one year low of $1.52 and a one year high of $3.20. The business has a fifty day simple moving average of $2.74 and a 200 day simple moving average of $2.57.

Altice USA (NYSE:ATUS) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). On average, research analysts anticipate that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal year.

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.