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 dated Tuesday, November 26th. The shares were sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the transaction, the director now owns 21,146,004 shares of the company’s stock, valued at $518,077,098. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, November 19th, 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 Thursday, November 14th, 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 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 stock was 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 shares were 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 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 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 value of $19,728,061.50.

Altice USA Price Performance

Altice USA stock opened at $2.60 on Friday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -7.03, a price-to-earnings-growth ratio of 50.97 and a beta of 1.52. Altice USA, Inc. has a 12 month low of $1.52 and a 12 month high of $3.66. The stock’s 50-day moving average is $2.48 and its 200-day moving average is $2.19.

Altice USA (NYSE:ATUS) last posted its quarterly earnings results 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 1.85% 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 quarter in the previous year, the business posted $0.15 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Research analysts anticipate that Altice USA, Inc. will post 0.01 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group lowered Altice USA from a “buy” rating to a “neutral” rating and dropped their target price for the company from $4.00 to $2.00 in a research note on Friday, August 2nd. 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 report on Tuesday, November 5th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.22.

Institutional Trading of Altice USA

Several large investors have recently added to or reduced their stakes in ATUS. Aristeia Capital L.L.C. acquired a new position in shares of Altice USA during the second quarter worth $657,000. King Street Capital Management L.P. purchased a new stake in shares of Altice USA during the second quarter worth about $5,100,000. Empyrean Capital Partners LP acquired a new position in shares of Altice USA in the second quarter worth about $4,080,000. LMR Partners LLP boosted its stake in shares of Altice USA by 217.5% during the 3rd quarter. LMR Partners LLP now owns 3,000,000 shares of the company’s stock valued at $7,380,000 after buying an additional 2,055,000 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Altice USA during the second quarter worth approximately $183,000. 54.85% of the stock is currently 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.