Altice USA, Inc. (NYSE:ATUS) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its position in Altice USA, Inc. (NYSE:ATUS) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,324,146 shares of the company’s stock after selling 46,147 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.59% of Altice USA worth $18,017,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ATUS. Vanguard Personalized Indexing Management LLC acquired a new position in Altice USA in the second quarter valued at approximately $25,000. US Bancorp DE boosted its holdings in shares of Altice USA by 30.2% in the 3rd quarter. US Bancorp DE now owns 21,530 shares of the company’s stock valued at $53,000 after buying an additional 5,000 shares in the last quarter. Swedbank AB purchased a new position in shares of Altice USA in the 1st quarter valued at $66,000. nVerses Capital LLC acquired a new stake in Altice USA during the 3rd quarter worth $74,000. Finally, Mackenzie Financial Corp purchased a new stake in Altice USA in the second quarter valued at $81,000. 54.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATUS has been the topic of a number of research analyst reports. TD Cowen cut their target price on Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. UBS Group lowered Altice USA from a “buy” rating to a “neutral” rating and cut their price target for the stock from $4.00 to $2.00 in a research report on Friday, August 2nd. 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2.22.

Insiders Place Their Bets

In other Altice USA news, Director Alt S.A.R.L. Next sold 805,227 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the sale, the director now directly owns 38,055,771 shares in the company, valued at approximately $932,366,389.50. The trade was a 2.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 7,247,043 shares of company stock worth $177,552,554. Company insiders own 52.90% of the company’s stock.

Altice USA Trading Down 2.0 %

NYSE:ATUS opened at $2.51 on Wednesday. The stock’s 50 day simple moving average is $2.47 and its 200-day simple moving average is $2.18. Altice USA, Inc. has a 12-month low of $1.52 and a 12-month high of $3.66. The firm has a market cap of $1.16 billion, a P/E ratio of -6.78, a PEG ratio of 51.57 and a beta of 1.52.

Altice USA (NYSE:ATUS) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). The firm had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Research analysts forecast that Altice USA, Inc. will post 0.01 EPS for the current fiscal year.

Altice USA 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.