Oregon Public Employees Retirement Fund Takes Position in Altice USA Inc (NYSE:ATUS)

Oregon Public Employees Retirement Fund acquired a new position in Altice USA Inc (NYSE:ATUS) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $609,000.

A number of other institutional investors have also made changes to their positions in the stock. OLD National Bancorp IN acquired a new position in shares of Altice USA during the 2nd quarter valued at about $252,000. Xact Kapitalforvaltning AB increased its holdings in shares of Altice USA by 12.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 67,036 shares of the company’s stock valued at $1,632,000 after acquiring an additional 7,284 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Altice USA during the 1st quarter valued at about $2,255,000. FMR LLC increased its holdings in shares of Altice USA by 25.6% during the 1st quarter. FMR LLC now owns 11,272,679 shares of the company’s stock valued at $242,137,000 after acquiring an additional 2,299,328 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp acquired a new position in shares of Altice USA during the 1st quarter valued at about $2,792,000. 50.22% of the stock is owned by hedge funds and other institutional investors.

ATUS has been the topic of a number of analyst reports. TD Securities increased their price objective on Altice USA from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. KeyCorp increased their price objective on Altice USA from $25.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. TheStreet raised Altice USA from a “d+” rating to a “c+” rating in a report on Thursday, April 25th. Pivotal Research reissued a “buy” rating and set a $40.00 price objective on shares of Altice USA in a report on Wednesday, July 31st. Finally, UBS Group increased their price objective on Altice USA from $28.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Altice USA has a consensus rating of “Buy” and an average price target of $29.82.

ATUS opened at $26.84 on Friday. The firm has a market cap of $18.12 billion, a price-to-earnings ratio of 335.50 and a beta of 0.99. The firm has a 50 day simple moving average of $25.38. The company has a debt-to-equity ratio of 9.18, a current ratio of 0.29 and a quick ratio of 0.29. Altice USA Inc has a 12-month low of $14.49 and a 12-month high of $27.74.

Altice USA (NYSE:ATUS) last released its earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.05. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. Altice USA had a return on equity of 13.57% and a net margin of 3.16%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.13) EPS. As a group, equities research analysts expect that Altice USA Inc will post 0.56 EPS for the current year.

In other Altice USA news, Director Dennis Okhuijsen sold 551,724 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $24.67, for a total value of $13,611,031.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 45.00% of the company’s stock.

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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