LMR Partners LLP Invests $1.78 Million in Altice USA Inc (ATUS)

LMR Partners LLP purchased a new stake in shares of Altice USA Inc (NASDAQ:ATUS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 55,000 shares of the company’s stock, valued at approximately $1,776,000.

Several other institutional investors also recently made changes to their positions in the stock. Pelham Capital Ltd. bought a new position in shares of Altice USA during the second quarter valued at about $53,295,000. Coronation Fund Managers Ltd. bought a new position in shares of Altice USA during the second quarter valued at about $780,000. Egerton Capital UK LLP bought a new position in shares of Altice USA during the second quarter valued at about $64,600,000. Sei Investments Co. bought a new position in shares of Altice USA during the second quarter valued at about $4,370,000. Finally, TD Asset Management Inc. bought a new position in shares of Altice USA during the second quarter valued at about $656,000.

Shares of Altice USA Inc (NASDAQ ATUS) opened at 30.55 on Thursday. Altice USA Inc has a 1-year low of $30.30 and a 1-year high of $35.29. The company’s 50-day moving average is $31.89 and its 200 day moving average is $32.05. The company’s market cap is $22.52 billion.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by [[site]] and is the sole property of of [[site]]. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at [[permalink]].

ATUS has been the topic of several research reports. Pivotal Research initiated coverage on shares of Altice USA in a research note on Thursday, June 22nd. They set a “buy” rating and a $38.00 price objective on the stock. Guggenheim initiated coverage on shares of Altice USA in a research note on Wednesday, July 12th. They set a “buy” rating and a $38.00 price objective on the stock. Royal Bank Of Canada initiated coverage on shares of Altice USA in a research note on Monday, July 17th. They set an “outperform” rating and a $40.00 price objective on the stock. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Altice USA in a research note on Monday, July 17th. They set a “neutral” rating and a $33.00 price objective on the stock. Finally, Barclays PLC initiated coverage on shares of Altice USA in a research note on Monday, July 17th. They set an “equal weight” rating and a $32.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Altice USA currently has a consensus rating of “Buy” and an average price target of $36.42.

In other news, Director Mark Mullen acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were purchased at an average price of $30.00 per share, with a total value of $150,000.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $150,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Victoria Mink acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was purchased at an average cost of $30.00 per share, for a total transaction of $30,000.00. Following the transaction, the senior vice president now owns 37,502 shares in the company, valued at $1,125,060. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 74,000 shares of company stock worth $2,220,000.

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.