Clarkston Capital Partners LLC Has $42,000 Holdings in Altice USA, Inc. (NYSE:ATUS)

Clarkston Capital Partners LLC trimmed its stake in shares of Altice USA, Inc. (NYSE:ATUS) by 98.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,300 shares of the company’s stock after selling 872,700 shares during the period. Clarkston Capital Partners LLC’s holdings in Altice USA were worth $42,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ATUS. LPL Financial LLC bought a new position in Altice USA in the 4th quarter worth approximately $25,000. Quadrature Capital Ltd bought a new stake in shares of Altice USA during the third quarter worth $27,000. Raymond James Financial Inc. bought a new stake in shares of Altice USA during the fourth quarter worth $30,000. Wolverine Trading LLC acquired a new position in shares of Altice USA during the third quarter valued at $39,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Altice USA in the fourth quarter valued at about $43,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Altice USA Price Performance

Altice USA stock opened at $2.35 on Friday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -10.20 and a beta of 1.64. The company’s 50 day simple moving average is $2.71 and its 200 day simple moving average is $2.58. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.20.

Altice USA (NYSE:ATUS) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). As a group, analysts predict that Altice USA, Inc. will post -0.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ATUS has been the subject of several recent research reports. Raymond James raised Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price objective for the company in a report on Tuesday, February 18th. Citigroup increased their price objective on shares of Altice USA from $2.50 to $3.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.28.

Altice USA Company 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.