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 on Monday, November 4th. 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 sale, the director now owns 34,029,636 shares of the company’s stock, valued at approximately $833,726,082. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 transaction of $19,728,061.50.
• On Wednesday, October 30th, 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, 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 Stock Down 1.7 %

ATUS stock opened at $2.55 on Wednesday. The firm’s 50-day simple moving average is $2.30 and its 200 day simple moving average is $2.12. The stock has a market cap of $1.17 billion, a PE ratio of -6.88, a price-to-earnings-growth ratio of 9.87 and a beta of 1.52. Altice USA, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.66.

Altice USA (NYSE:ATUS) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.24 billion. Altice USA had a negative net margin of 0.62% and a negative return on equity of 1.54%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. Equities analysts forecast that Altice USA, Inc. will post 0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ATUS shares. 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. UBS Group downgraded shares of Altice USA from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $4.00 to $2.00 in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.12.

Institutional Trading of Altice USA

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its holdings in shares of Altice USA by 45.2% during the first quarter. SG Americas Securities LLC now owns 58,098 shares of the company’s stock valued at $152,000 after purchasing an additional 18,080 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Altice USA during the 1st quarter valued at about $1,914,000. Headlands Technologies LLC acquired a new position in Altice USA during the 1st quarter valued at about $46,000. State Board of Administration of Florida Retirement System bought a new stake in shares of Altice USA during the 1st quarter worth about $687,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Altice USA by 13.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 460,585 shares of the company’s stock worth $1,193,000 after acquiring an additional 53,158 shares during the period. Institutional investors own 54.85% of the company’s stock.

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 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.