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 company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $24.50, for a total value of $19,728,135.00. Following the sale, the director now owns 9,872,802 shares of the company’s stock, valued at approximately $241,883,649. This represents a 7.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, December 13th, 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 value of $19,728,135.00.
• On Wednesday, December 11th, Alt S.A.R.L. Next sold 805,230 shares of Altice USA stock. The shares were sold at an average price of $24.50, for a total value of $19,728,135.00.
• On Monday, December 9th, Alt S.A.R.L. Next sold 805,230 shares of Altice USA stock. The shares were 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 stock was 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 shares were sold at an average price of $24.50, for a total transaction 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 value 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 value 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 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.

Altice USA Price Performance

NYSE:ATUS traded down $0.05 during mid-day trading on Wednesday, hitting $2.50. The company’s stock had a trading volume of 4,321,774 shares, compared to its average volume of 3,502,114. The business’s fifty day moving average is $2.51 and its two-hundred day moving average is $2.20. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -6.76 and a beta of 1.53. 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 results on Monday, November 4th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.13). The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Altice USA had a negative net margin of 1.85% and a negative return on equity of 1.54%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. Analysts anticipate that Altice USA, Inc. will post -0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ATUS shares. Citigroup boosted their target price on shares of Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen dropped their price objective on shares of Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Altice USA currently has a consensus rating of “Hold” and an average target price of $2.30.

Institutional Trading of Altice USA

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted 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 buying an additional 191,508 shares in the last quarter. Barclays PLC boosted its stake in shares of Altice USA by 120.3% in the third quarter. Barclays PLC now owns 1,527,424 shares of the company’s stock worth $3,756,000 after acquiring an additional 834,030 shares during the last quarter. XTX Topco Ltd increased its position in shares of Altice USA by 476.7% during the third quarter. XTX Topco Ltd now owns 468,969 shares of the company’s stock worth $1,154,000 after purchasing an additional 387,655 shares in the last quarter. Wolverine Trading LLC purchased a new position in Altice USA in the 3rd quarter valued at $39,000. Finally, State Street Corp grew its holdings in shares of Altice USA by 2.8% during the third quarter. State Street Corp now owns 1,534,608 shares of the company’s stock worth $3,775,000 after buying an additional 41,868 shares in the last quarter. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

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.