TD Asset Management Inc. raised its holdings in Altice USA Inc (NYSE:ATUS) by 219.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,851 shares of the company’s stock after acquiring an additional 44,528 shares during the quarter. TD Asset Management Inc.’s holdings in Altice USA were worth $1,771,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. Columbus Hill Capital Management L.P. purchased a new position in shares of Altice USA in the second quarter valued at $162,000. Atlantic Trust Group LLC purchased a new position in shares of Altice USA in the second quarter valued at $323,000. Neuberger Berman Group LLC purchased a new position in shares of Altice USA in the second quarter valued at $366,000. BT Investment Management Ltd purchased a new position in shares of Altice USA in the second quarter valued at $593,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Altice USA in the second quarter valued at $607,000. 13.23% of the stock is owned by institutional investors.
Altice USA Inc (NYSE ATUS) traded up $0.67 on Monday, reaching $19.08. The company’s stock had a trading volume of 2,377,700 shares, compared to its average volume of 1,578,541. The company has a debt-to-equity ratio of 6.82, a current ratio of 0.32 and a quick ratio of 0.32. Altice USA Inc has a 52 week low of $17.80 and a 52 week high of $35.29.
A number of analysts recently commented on ATUS shares. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price objective (up previously from $31.00) on shares of Altice USA in a research report on Wednesday, August 23rd. Guggenheim reiterated a “neutral” rating and set a $31.00 price objective on shares of Altice USA in a research report on Friday, September 15th. Moffett Nathanson started coverage on Altice USA in a research report on Tuesday, October 10th. They set a “neutral” rating and a $28.00 price objective for the company. Atlantic Securities started coverage on Altice USA in a research report on Tuesday, October 31st. They set an “overweight” rating and a $32.00 price objective for the company. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $25.00 price objective (down previously from $34.00) on shares of Altice USA in a research report on Monday, November 6th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Altice USA has an average rating of “Buy” and a consensus price target of $31.71.
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Altice USA Company Profile
Altice USA, Inc is engaged in providing broadband communications and video services in the United States. The Company’s segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area.
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