Mn Services Vermogensbeheer B.V. trimmed its holdings in shares of Altice USA Inc (NYSE:ATUS) by 54.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,400 shares of the company’s stock after selling 30,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Altice USA were worth $618,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Altice USA during the second quarter worth $41,000. LS Investment Advisors LLC acquired a new position in shares of Altice USA during the first quarter worth $82,000. Quantamental Technologies LLC acquired a new position in shares of Altice USA during the first quarter worth $96,000. Bank of Montreal Can lifted its position in shares of Altice USA by 340.9% during the first quarter. Bank of Montreal Can now owns 7,261 shares of the company’s stock worth $156,000 after purchasing an additional 5,614 shares in the last quarter. Finally, GAM Holding AG acquired a new position in shares of Altice USA during the first quarter worth $201,000. 50.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:ATUS opened at $26.84 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 9.18. The stock has a fifty day moving average of $25.38. The company has a market capitalization of $18.12 billion, a price-to-earnings ratio of 335.50 and a beta of 0.99. Altice USA Inc has a 12-month low of $14.49 and a 12-month high of $27.74.
In other Altice USA news, Director Dennis Okhuijsen sold 551,724 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $24.67, for a total transaction of $13,611,031.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 45.00% of the stock is currently owned by insiders.
A number of research firms have recently commented on ATUS. Zacks Investment Research cut shares of Altice USA from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. KeyCorp boosted their target price on shares of Altice USA from $25.00 to $31.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. TD Securities lifted their price target on shares of Altice USA from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. ValuEngine lowered shares of Altice USA from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Nomura lifted their price target on shares of Altice USA from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.82.
About Altice USA
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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