Sei Investments Co. cut its holdings in shares of Altice USA Inc (NYSE:ATUS) by 58.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,132 shares of the company’s stock after selling 79,152 shares during the period. Sei Investments Co.’s holdings in Altice USA were worth $1,533,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Lord Abbett & CO. LLC bought a new stake in shares of Altice USA in the 2nd quarter valued at $12,436,000. Public Employees Retirement System of Ohio bought a new stake in Altice USA during the 2nd quarter valued at $1,801,000. Susquehanna International Group LLP bought a new stake in Altice USA during the 2nd quarter valued at $629,000. Naya Capital Management UK Ltd. bought a new stake in Altice USA during the 2nd quarter valued at $25,972,000. Finally, Maverick Capital Ltd. bought a new stake in Altice USA during the 2nd quarter valued at $6,214,000. Institutional investors and hedge funds own 13.23% of the company’s stock.
ATUS has been the subject of several recent analyst reports. Deutsche Bank reiterated a “buy” rating and issued a $35.00 target price on shares of Altice USA in a research note on Monday, November 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $32.00 target price (up previously from $31.00) on shares of Altice USA in a research note on Wednesday, August 23rd. Atlantic Securities initiated coverage on shares of Altice USA in a research note on Tuesday, October 31st. They issued an “overweight” rating and a $32.00 target price for the company. Goldman Sachs Group upgraded shares of Altice USA from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, November 7th. Finally, Pivotal Research reduced their target price on shares of Altice USA from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $32.43.
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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