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 business’s stock in a transaction dated Thursday, November 14th. 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 transaction, the director now owns 27,587,820 shares in the company, valued at $675,901,590. This trade represents a 2.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 stock was 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 value 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 value of $19,728,061.50.
• 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 value 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 value 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 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 shares were sold at an average price of $24.50, for a total transaction of $19,728,061.50.

Altice USA Trading Down 5.6 %

ATUS stock traded down $0.15 during midday trading on Friday, hitting $2.47. The company had a trading volume of 2,795,860 shares, compared to its average volume of 3,519,186. Altice USA, Inc. has a 52 week low of $1.52 and a 52 week high of $3.66. The stock’s 50 day moving average price is $2.40 and its 200 day moving average price is $2.15. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -6.95, a PEG ratio of 53.16 and a beta of 1.52.

Altice USA (NYSE:ATUS) last posted its 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 net margin of 1.85% and a negative return on equity of 1.54%. The business had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the firm posted $0.15 earnings per share. Altice USA’s quarterly revenue was down 3.9% on a year-over-year basis. Analysts predict that Altice USA, Inc. will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Altice USA

Several hedge funds have recently made changes to their positions in ATUS. XTX Topco Ltd grew its stake in Altice USA by 476.7% in the third quarter. XTX Topco Ltd now owns 468,969 shares of the company’s stock worth $1,154,000 after purchasing an additional 387,655 shares during the period. Wolverine Trading LLC purchased a new stake in shares of Altice USA in the third quarter worth $39,000. State Street Corp grew its stake in shares of Altice USA by 2.8% in the third quarter. State Street Corp now owns 1,534,608 shares of the company’s stock worth $3,775,000 after acquiring an additional 41,868 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Altice USA in the third quarter worth $27,000. Finally, Point72 Asset Management L.P. grew its stake in shares of Altice USA by 487.3% in the third quarter. Point72 Asset Management L.P. now owns 880,985 shares of the company’s stock worth $2,167,000 after acquiring an additional 730,985 shares during the last quarter. 54.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group downgraded 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. TD Cowen lowered their price objective on Altice USA from $6.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Six analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.12.

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.