Bruni J V & Co. Co. Sells 6,132 Shares of Altice USA, Inc. (NYSE:ATUS)

Bruni J V & Co. Co. cut its stake in shares of Altice USA, Inc. (NYSE:ATUS) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 715,580 shares of the company’s stock after selling 6,132 shares during the quarter. Altice USA makes up about 0.2% of Bruni J V & Co. Co.’s portfolio, making the stock its 27th largest position. Bruni J V & Co. Co. owned approximately 0.16% of Altice USA worth $1,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of ATUS. US Bancorp DE raised its position in shares of Altice USA by 30.2% during the third quarter. US Bancorp DE now owns 21,530 shares of the company’s stock worth $53,000 after purchasing an additional 5,000 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Altice USA during the second quarter worth about $25,000. SG Americas Securities LLC lifted its position in Altice USA by 45.2% in the 1st quarter. SG Americas Securities LLC now owns 58,098 shares of the company’s stock valued at $152,000 after acquiring an additional 18,080 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Altice USA by 102.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 36,000 shares of the company’s stock valued at $89,000 after purchasing an additional 18,200 shares during the last quarter. Finally, Creative Planning increased its holdings in Altice USA by 64.1% during the 3rd quarter. Creative Planning now owns 57,616 shares of the company’s stock worth $142,000 after purchasing an additional 22,497 shares in the last quarter. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on ATUS shares. UBS Group cut Altice USA from a “buy” rating to a “neutral” rating and cut their target price for the company from $4.00 to $2.00 in a research report on Friday, August 2nd. TD Cowen cut their price objective on shares of Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $2.22.

Insider Transactions at Altice USA

In related news, Director Alt S.A.R.L. Next sold 805,227 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. 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 27,587,820 shares in the company, valued at approximately $675,901,590. This represents a 2.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 6,441,816 shares of company stock worth $157,824,492. 52.90% of the stock is owned by company insiders.

Altice USA Stock Performance

Shares of NYSE:ATUS opened at $2.38 on Tuesday. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.66. The company’s 50-day moving average is $2.42 and its 200 day moving average is $2.16. The company has a market capitalization of $1.10 billion, a P/E ratio of -6.42, a price-to-earnings-growth ratio of 49.18 and a beta of 1.52.

Altice USA (NYSE:ATUS) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the firm posted $0.15 EPS. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, research analysts predict that Altice USA, Inc. will post 0.01 earnings per share for the current 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.