Vanguard Group Inc. Boosts Stock Position in Optimum Communications, Inc. $OPTU

Vanguard Group Inc. raised its holdings in Optimum Communications, Inc. (NYSE:OPTU) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,403,757 shares of the company’s stock after buying an additional 650,087 shares during the period. Vanguard Group Inc. owned about 5.85% of Optimum Communications worth $66,043,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OPTU. Optimize Financial Inc acquired a new stake in shares of Optimum Communications during the 3rd quarter worth about $1,595,000. JPMorgan Chase & Co. lifted its stake in Optimum Communications by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 8,803,557 shares of the company’s stock worth $21,217,000 after purchasing an additional 879,589 shares during the last quarter. Compass Rose Asset Management LP boosted its holdings in Optimum Communications by 108.0% in the second quarter. Compass Rose Asset Management LP now owns 2,600,000 shares of the company’s stock valued at $5,564,000 after purchasing an additional 1,350,000 shares in the last quarter. Intech Investment Management LLC purchased a new position in Optimum Communications in the second quarter valued at approximately $262,000. Finally, Geode Capital Management LLC increased its stake in Optimum Communications by 114.7% in the second quarter. Geode Capital Management LLC now owns 6,052,090 shares of the company’s stock valued at $12,953,000 after purchasing an additional 3,233,449 shares during the last quarter. 54.85% of the stock is owned by institutional investors and hedge funds.

Optimum Communications Trading Down 1.7%

Shares of OPTU opened at $1.48 on Friday. The company’s 50 day simple moving average is $1.67 and its 200-day simple moving average is $1.99. The firm has a market cap of $693.93 million, a PE ratio of -0.37 and a beta of 1.51. Optimum Communications, Inc. has a 12-month low of $1.38 and a 12-month high of $2.98.

Optimum Communications (NYSE:OPTU) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.14). The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Optimum Communications’s revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted ($0.12) EPS. As a group, equities research analysts forecast that Optimum Communications, Inc. will post -0.24 EPS for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Michael Olsen sold 250,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $1.60, for a total value of $400,000.00. Following the completion of the sale, the general counsel directly owned 1,496,277 shares of the company’s stock, valued at approximately $2,394,043.20. This represents a 14.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 44.60% of the company’s stock.

Key Optimum Communications News

Here are the key news stories impacting Optimum Communications this week:

• Positive Sentiment: Broker/market commentary labels OPTU as oversold and potentially poised for a rebound, which could attract short-term bargain hunters and stabilize the share price. MSN: Oversold stock ready to bounce back
• Neutral Sentiment: Zacks Research issued a FY2028 EPS estimate of ($0.63). This provides additional forward guidance context but by itself is a projection rather than an action; impact depends on how investors weigh it versus other forecasts and company updates.
• Negative Sentiment: Zacks Research cut multiple near-term and medium-term EPS estimates (Q1–Q4 2026, Q3–Q4 2026, Q1–Q4 2027 and FY2026–FY2027), with some quarterly forecasts moving materially lower (e.g., Q1 2027 from $0.08 to ($0.01); FY2027 from ($0.20) to ($0.39); FY2026 to ($0.52)). Zacks maintains a “Hold” rating, but the scale of downgrades increases recession of expected profitability and likely weighs on the stock.
• Negative Sentiment: Reported insider selling coincided with a share gap down, a near-term technical and sentiment negative that can amplify selling pressure and reduce investor confidence. AmericanBankingNews: Insider selling

Analyst Ratings Changes

OPTU has been the subject of several recent analyst reports. Citigroup downgraded shares of Optimum Communications from a “buy” rating to a “neutral” rating in a research report on Sunday, February 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Optimum Communications in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Optimum Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Evercore set a $2.00 price target on shares of Optimum Communications in a research report on Friday, February 13th. Finally, Barclays decreased their price objective on shares of Optimum Communications from $3.00 to $2.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $2.19.

About Optimum Communications

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 approximately five million 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.