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

Altice USA, Inc. (NYSE:ATUS) Director Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the completion of the transaction, the director now directly owns 25,172,139 shares in the company, valued at approximately $616,717,405.50. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 value of $19,728,061.50.
• On Tuesday, November 12th, Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock. The shares were 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 value 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 value of $19,728,061.50.
• On Wednesday, October 30th, Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock. The shares were 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 shares were sold at an average price of $24.50, for a total value 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 value of $19,728,061.50.

Altice USA Price Performance

ATUS opened at $2.42 on Thursday. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -6.54, a P/E/G ratio of 49.18 and a beta of 1.52. The business’s 50-day moving average price is $2.43 and its two-hundred day moving average price is $2.17. Altice USA, Inc. has a 1 year low of $1.52 and a 1 year high of $3.66.

Altice USA (NYSE:ATUS) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.24 billion. Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. Sell-side analysts anticipate that Altice USA, Inc. will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA raised its holdings in shares of Altice USA by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,669,487 shares of the company’s stock valued at $11,566,000 after purchasing an additional 24,501 shares during the period. Cerberus Capital Management L.P. lifted its position in shares of Altice USA by 6.8% in the third quarter. Cerberus Capital Management L.P. now owns 3,940,785 shares of the company’s stock valued at $9,694,000 after buying an additional 250,000 shares during the last quarter. 140 Summer Partners LP bought a new position in shares of Altice USA during the 3rd quarter worth approximately $9,004,000. LMR Partners LLP increased its holdings in shares of Altice USA by 217.5% during the 3rd quarter. LMR Partners LLP now owns 3,000,000 shares of the company’s stock worth $7,380,000 after acquiring an additional 2,055,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Altice USA by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,682,757 shares of the company’s stock valued at $6,602,000 after acquiring an additional 191,508 shares during the period. Institutional investors and hedge funds own 54.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. TD Cowen decreased their price target on Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. UBS Group downgraded shares of Altice USA from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $4.00 to $2.00 in a research note on Friday, August 2nd. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $2.22.

Altice USA Company Profile

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.