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 firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the transaction, the director now directly owns 27,587,820 shares of the company’s stock, valued at approximately $675,901,590. This represents a 2.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, November 12th, 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 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 transaction of $19,728,061.50.
• On Monday, November 4th, 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 Friday, November 1st, 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 Wednesday, October 30th, 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 Monday, October 28th, 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, October 25th, 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 Stock Down 5.6 %

Shares of NYSE ATUS opened at $2.47 on Friday. Altice USA, Inc. has a 12 month low of $1.52 and a 12 month high of $3.66. The company has a market cap of $1.14 billion, a P/E ratio of -6.66, a P/E/G ratio of 53.16 and a beta of 1.52. The business’s 50 day moving average is $2.41 and its two-hundred day moving average is $2.16.

Altice USA (NYSE:ATUS) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the company earned $0.15 EPS. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. Sell-side analysts expect that Altice USA, Inc. will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Altice USA

Large investors have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC bought a new stake in Altice USA in the second quarter valued at about $25,000. Quadrature Capital Ltd acquired a new position in shares of Altice USA during the 3rd quarter worth about $27,000. D.A. Davidson & CO. bought a new stake in shares of Altice USA in the 3rd quarter valued at about $32,000. Wolverine Trading LLC bought a new stake in shares of Altice USA in the 3rd quarter valued at about $39,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Altice USA in the 1st quarter valued at approximately $46,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Wall Street Analyst Weigh In

ATUS has been the topic of a number of recent analyst reports. TD Cowen cut their price objective on shares of Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. UBS Group cut shares of Altice USA from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $4.00 to $2.00 in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.12.

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.