Michael Olsen Sells 28,000 Shares of Altice USA, Inc. (NYSE:ATUS) Stock


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Altice USA, Inc. (NYSE:ATUS) EVP Michael Olsen sold 28,000 shares of the firm’s stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $36.35, for a total transaction of $1,017,800.00.

Michael Olsen also recently made the following trade(s):

  • On Thursday, April 1st, Michael Olsen sold 3,000 shares of Altice USA stock. The stock was sold at an average price of $32.45, for a total transaction of $97,350.00.
  • On Wednesday, February 17th, Michael Olsen sold 5,000 shares of Altice USA stock. The shares were sold at an average price of $34.00, for a total value of $170,000.00.

Shares of NYSE ATUS traded down $0.25 during midday trading on Tuesday, reaching $36.10. 2,617,544 shares of the company traded hands, compared to its average volume of 4,291,035. Altice USA, Inc. has a 12 month low of $21.97 and a 12 month high of $38.30. The company has a debt-to-equity ratio of 34.18, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50-day simple moving average is $34.04 and its 200-day simple moving average is $33.76. The firm has a market cap of $17.08 billion, a PE ratio of 200.57 and a beta of 1.11.

Altice USA (NYSE:ATUS) last announced its quarterly earnings results on Tuesday, April 27th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.27. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.49 billion. Altice USA had a net margin of 1.08% and a return on equity of 25.67%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that Altice USA, Inc. will post 0.87 EPS for the current year.

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in shares of Altice USA by 40.6% during the first quarter. Envestnet Asset Management Inc. now owns 29,794 shares of the company’s stock worth $969,000 after purchasing an additional 8,600 shares during the last quarter. SPX Equities Gestao de Recursos Ltda lifted its position in Altice USA by 89.3% during the 1st quarter. SPX Equities Gestao de Recursos Ltda now owns 605,711 shares of the company’s stock worth $19,704,000 after buying an additional 285,711 shares in the last quarter. Alamar Capital Management LLC grew its holdings in Altice USA by 68.7% during the 1st quarter. Alamar Capital Management LLC now owns 86,370 shares of the company’s stock worth $2,810,000 after acquiring an additional 35,160 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Altice USA by 112.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 43,247 shares of the company’s stock valued at $1,407,000 after acquiring an additional 22,900 shares in the last quarter. Finally, PGGM Investments increased its position in Altice USA by 321.4% in the 1st quarter. PGGM Investments now owns 120,023 shares of the company’s stock valued at $3,904,000 after acquiring an additional 91,541 shares in the last quarter. Institutional investors own 58.66% of the company’s stock.

A number of research analysts have recently commented on ATUS shares. Zacks Investment Research raised Altice USA from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Monday. Wells Fargo & Company assumed coverage on shares of Altice USA in a research note on Monday, March 22nd. They issued an “equal weight” rating and a $33.00 price objective for the company. Citigroup lowered shares of Altice USA from a “buy” rating to a “neutral” rating and lowered their target price for the company from $41.00 to $35.00 in a research note on Friday, April 9th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “neutral” rating and set a $35.00 price target (down from $41.00) on shares of Altice USA in a report on Thursday, April 15th. Finally, Royal Bank of Canada lifted their price objective on Altice USA from $33.00 to $39.00 in a research note on Thursday, February 11th. Seven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $38.35.

About Altice USA

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 approximately 5 million 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.

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