Taconic Capital Advisors LP Has $3.19 Million Holdings in Altice USA, Inc. (NYSE:ATUS)

Taconic Capital Advisors LP boosted its stake in shares of Altice USA, Inc. (NYSE:ATUS) by 39.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,325,000 shares of the company’s stock after buying an additional 375,000 shares during the period. Altice USA makes up approximately 1.1% of Taconic Capital Advisors LP’s holdings, making the stock its 10th biggest holding. Taconic Capital Advisors LP’s holdings in Altice USA were worth $3,193,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ATUS. State of Wyoming acquired a new stake in shares of Altice USA during the fourth quarter worth $57,000. Sona Asset Management US LLC increased its holdings in Altice USA by 30.0% during the 4th quarter. Sona Asset Management US LLC now owns 3,900,000 shares of the company’s stock worth $9,399,000 after purchasing an additional 900,000 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Altice USA by 34.4% in the 4th quarter. Point72 Asset Management L.P. now owns 1,184,126 shares of the company’s stock valued at $2,854,000 after purchasing an additional 303,141 shares during the period. Nomura Holdings Inc. lifted its holdings in shares of Altice USA by 13.5% in the fourth quarter. Nomura Holdings Inc. now owns 12,489,861 shares of the company’s stock valued at $30,101,000 after purchasing an additional 1,489,300 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in shares of Altice USA during the fourth quarter worth about $60,000. Institutional investors own 54.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ATUS. Raymond James raised Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 target price on the stock in a research report on Tuesday, February 18th. Barclays lifted their price objective on shares of Altice USA from $2.00 to $3.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Finally, The Goldman Sachs Group increased their target price on shares of Altice USA from $2.00 to $2.25 and gave the stock a “sell” rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Altice USA has an average rating of “Hold” and an average price target of $2.75.

Altice USA Stock Down 14.7%

ATUS stock opened at $2.42 on Monday. Altice USA, Inc. has a twelve month low of $1.52 and a twelve month high of $3.20. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -10.50 and a beta of 1.65. The business has a 50 day moving average price of $2.51 and a two-hundred day moving average price of $2.59.

Altice USA (NYSE:ATUS) last released its earnings results on Thursday, May 8th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) earnings per share. On average, equities research analysts anticipate that Altice USA, Inc. will post -0.24 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.