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 the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $24.50, for a total value 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 document filed 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 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 transaction 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 transaction of $19,728,061.50.

Altice USA Price Performance

NYSE:ATUS opened at $2.55 on Wednesday. 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. The stock’s 50-day moving average is $2.30 and its two-hundred day moving average is $2.12.

Altice USA (NYSE:ATUS) last announced 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). Altice USA had a negative net margin of 0.62% and a negative return on equity of 1.54%. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Altice USA, Inc. will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group lowered Altice USA from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $4.00 to $2.00 in a research note on Friday, August 2nd. TD Cowen dropped their price target on Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $2.12.

Hedge Funds Weigh In On Altice USA

A number of hedge funds have recently modified their holdings of ATUS. GSA Capital Partners LLP purchased a new position in Altice USA in the third quarter valued at about $157,000. US Bancorp DE lifted its holdings in shares of 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 buying an additional 5,000 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Altice USA in the 3rd quarter valued at approximately $74,000. Creative Planning increased its holdings in Altice USA by 64.1% in the third quarter. Creative Planning now owns 57,616 shares of the company’s stock worth $142,000 after buying an additional 22,497 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in Altice USA by 102.2% during the third quarter. Handelsbanken Fonder AB now owns 36,000 shares of the company’s stock valued at $89,000 after acquiring an additional 18,200 shares in the last quarter. 54.85% of the stock is owned by institutional investors and hedge funds.

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.