Alt S.A.R.L. Next Sells 805,230 Shares of Altice USA, Inc. (NYSE:ATUS) Stock

Altice USA, Inc. (NYSE:ATUS) Director Alt S.A.R.L. Next sold 805,230 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $24.50, for a total transaction of $19,728,135.00. Following the transaction, the director now directly owns 13,093,722 shares of the company’s stock, valued at approximately $320,796,189. This trade represents a 5.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, December 9th, Alt S.A.R.L. Next sold 805,230 shares of Altice USA stock. The stock was sold at an average price of $24.50, for a total transaction of $19,728,135.00.
• On Thursday, December 5th, 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 Tuesday, December 3rd, 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 29th, 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 26th, 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 19th, 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 Thursday, November 14th, 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 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 value 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 shares were sold at an average price of $24.50, for a total transaction of $19,728,061.50.

Altice USA Stock Up 2.7 %

NYSE:ATUS opened at $2.68 on Friday. Altice USA, Inc. has a 52 week low of $1.52 and a 52 week high of $3.66. The company has a market cap of $1.24 billion, a PE ratio of -7.24 and a beta of 1.53. The business’s 50 day moving average is $2.51 and its two-hundred day moving average is $2.21.

Altice USA (NYSE:ATUS) last released 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 analyst estimates 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. As a group, sell-side analysts expect that Altice USA, Inc. will post -0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Altice USA

A number of institutional investors have recently modified their holdings of ATUS. Vanguard Personalized Indexing Management LLC bought a new position in Altice USA in the second quarter worth about $25,000. Quadrature Capital Ltd bought a new stake in shares of Altice USA in the 3rd quarter worth approximately $27,000. D.A. Davidson & CO. acquired a new position in Altice USA during the 3rd quarter valued at approximately $32,000. Wolverine Trading LLC acquired a new position in Altice USA during the 3rd quarter valued at approximately $39,000. Finally, US Bancorp DE grew its stake in Altice USA by 30.2% during the 3rd quarter. US Bancorp DE now owns 21,530 shares of the company’s stock worth $53,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 54.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ATUS. TD Cowen lowered their price target on Altice USA from $6.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, November 5th. Citigroup increased their target price on Altice USA from $2.50 to $3.00 and gave the company a “buy” rating in a research note on Wednesday. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Altice USA has a consensus rating of “Hold” and an average target price of $2.30.

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.