Altice USA, Inc. (NYSE:ATUS) Director Alt S.A.R.L. Next Sells 805,227 Shares of Stock

Posted by William Tyler on Nov 28th, 2024

Altice USA, Inc. (NYSE:ATUS – Get Free Report) Director Alt S.A.R.L. Next sold 805,227 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the transaction, the director now directly owns 21,146,004 shares of the company’s stock, valued at $518,077,098. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Alt S.A.R.L. Next also recently made the following trade(s):

On Tuesday, November 19th, Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50.
On Thursday, November 14th, Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50.
On Tuesday, November 12th, Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50.
On Friday, November 8th, Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50.
On Monday, November 4th, Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50.
On Friday, November 1st, Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50.
On Wednesday, October 30th, Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50.
On Monday, October 28th, Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50.
On Friday, October 25th, Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50.

Altice USA Trading Up 3.8 %

Altice USA stock opened at $2.61 on Thursday. The firm’s fifty day moving average price is $2.47 and its two-hundred day moving average price is $2.18. Altice USA, Inc. has a 1-year low of $1.52 and a 1-year high of $3.66. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -7.04, a price-to-earnings-growth ratio of 50.97 and a beta of 1.52.

Altice USA (NYSE:ATUS – Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). Altice USA had a negative net margin of 1.85% and a negative return on equity of 1.54%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, research analysts forecast that Altice USA, Inc. will post 0.01 EPS for the current year.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on ATUS

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Altice USA in the second quarter worth about $25,000. Quadrature Capital Ltd purchased a new position in shares of Altice USA in the third quarter worth about $27,000. D.A. Davidson & CO. purchased a new position in shares of Altice USA in the third quarter worth about $32,000. Wolverine Trading LLC purchased a new position in shares of Altice USA in the third quarter worth about $39,000. Finally, US Bancorp DE increased its stake in shares of Altice USA by 30.2% in 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 in the last quarter. 54.85% of the stock is owned by institutional investors.

Altice USA Company Profile

(Get Free Report)

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.