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

Posted by Maurice Goldstein on Dec 18th, 2024

Altice USA, Inc. (NYSE:ATUS – Get Free Report) Director Alt S.A.R.L. Next sold 805,230 shares of Altice USA stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $24.50, for a total transaction of $19,728,135.00. Following the completion of the sale, the director now directly owns 11,483,262 shares in the company, valued at approximately $281,339,919. The trade was a 6.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

On Wednesday, December 11th, 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 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 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 stock was 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 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 stock was 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 shares were sold at an average price of $24.50, for a total value of $19,728,061.50.

Altice USA Trading Down 2.7 %

Shares of ATUS stock opened at $2.55 on Wednesday. The company has a market cap of $1.18 billion, a PE ratio of -6.89 and a beta of 1.53. The company’s fifty day simple moving average is $2.51 and its 200-day simple moving average is $2.20. Altice USA, Inc. has a 52 week low of $1.52 and a 52 week high of $3.66.

Altice USA (NYSE:ATUS – Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts expect that Altice USA, Inc. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Altice USA

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aristeia Capital L.L.C. purchased a new stake in shares of Altice USA during the second quarter valued at approximately $657,000. King Street Capital Management L.P. purchased a new stake in Altice USA during the 2nd quarter worth $5,100,000. Point72 Asset Management L.P. boosted its position in Altice USA by 487.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 880,985 shares of the company’s stock valued at $2,167,000 after buying an additional 730,985 shares during the last quarter. Algert Global LLC grew its stake in shares of Altice USA by 101.3% during the third quarter. Algert Global LLC now owns 639,005 shares of the company’s stock valued at $1,572,000 after acquiring an additional 321,618 shares in the last quarter. Finally, LMR Partners LLP increased its position in shares of Altice USA by 217.5% during the third 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. Hedge funds and other institutional investors own 54.85% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. TD Cowen lowered their target price on shares of Altice USA from $6.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Citigroup upped their price objective on Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.30.

Check Out Our Latest Stock Analysis on ATUS

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.