Altice USA, Inc. (NYSE:ATUS) Director Alt S.A.R.L. Next Sells 805,227 Shares of Stock

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 stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the completion of the transaction, the director now owns 34,029,636 shares of the company’s stock, valued at $833,726,082. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 Trading Down 1.7 %

ATUS traded down $0.04 during mid-day trading on Tuesday, hitting $2.55. 7,237,235 shares of the stock were exchanged, compared to its average volume of 3,471,430. The firm’s fifty day moving average is $2.29 and its two-hundred day moving average is $2.12. Altice USA, Inc. has a 1-year low of $1.52 and a 1-year high of $3.66. The company has a market cap of $1.17 billion, a PE ratio of -7.00, a PEG ratio of 9.87 and a beta of 1.52.

Altice USA (NYSE:ATUS) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the business posted $0.15 EPS. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, research analysts anticipate that Altice USA, Inc. will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Altice USA

Several large investors have recently bought and sold shares of ATUS. Vanguard Personalized Indexing Management LLC purchased a new position in Altice USA in the second quarter valued at $25,000. Headlands Technologies LLC purchased a new position in shares of Altice USA in the 1st quarter valued at about $46,000. US Bancorp DE raised its position 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 worth $53,000 after acquiring an additional 5,000 shares in the last quarter. Alpine Global Management LLC purchased a new stake in Altice USA during the first quarter worth approximately $65,000. Finally, Swedbank AB purchased a new position in Altice USA in the first quarter valued at approximately $66,000. Hedge funds and other 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.