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 Altice USA stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $24.50, for a total value of $19,728,135.00. Following the completion of the transaction, the director now owns 6,651,882 shares of the company’s stock, valued at approximately $162,971,109. The trade was a 10.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, December 19th, 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 Tuesday, December 17th, 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 Friday, December 13th, 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 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 transaction of $19,728,135.00.
• 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 stock was sold at an average price of $24.50, for a total value 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 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 shares were 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 transaction of $19,728,061.50.

Altice USA Stock Performance

Altice USA stock opened at $2.50 on Thursday. The firm 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. The firm’s 50 day moving average price is $2.52 and its two-hundred day moving average price is $2.20.

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

Institutional Trading of Altice USA

Several institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE raised 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 valued at $53,000 after purchasing an additional 5,000 shares during the period. Quadrature Capital Ltd acquired a new position in Altice USA during the third quarter valued at $27,000. Vanguard Personalized Indexing Management LLC acquired a new position in Altice USA during the second quarter valued at $25,000. D.A. Davidson & CO. purchased a new stake in Altice USA in the 3rd quarter worth about $32,000. Finally, Wolverine Trading LLC acquired a new stake in Altice USA during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. TD Cowen reduced their price target 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 target price on Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.