Altice USA, Inc. (NYSE:ATUS - Get Free Report) Director Alt S.A.R.L. Next sold 805,227 shares of the company's stock in a transaction on Tuesday, November 12th. 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 directly owns 29,198,274 shares in the company, valued at approximately $715,357,713. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Alt S.A.R.L. Next also recently made the following trade(s):
- 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 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 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 Price Performance
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Altice USA stock opened at $2.69 on Thursday. The stock has a market capitalization of $1.24 billion, a PE ratio of -7.22, a price-to-earnings-growth ratio of 55.55 and a beta of 1.52. The business has a 50 day simple moving average of $2.38 and a 200-day simple moving average of $2.15. Altice USA, Inc. has a 12 month low of $1.52 and a 12 month high of $3.66.
Altice USA (NYSE:ATUS - Get Free Report) last issued 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). The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.24 billion. Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. Altice USA's revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS. On average, equities research analysts anticipate that Altice USA, Inc. will post 0.01 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on ATUS shares. UBS Group cut 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 reduced their price target on Altice USA from $6.00 to $3.50 and set a "buy" rating for the company in a research report on Tuesday, November 5th. 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $2.12.
Read Our Latest Report on ATUS
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its holdings in shares of Altice USA by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,669,487 shares of the company's stock valued at $11,566,000 after acquiring an additional 24,501 shares during the last quarter. 140 Summer Partners LP purchased a new stake in shares of Altice USA during the third quarter worth approximately $9,004,000. LMR Partners LLP raised its stake in Altice USA by 217.5% in the 3rd quarter. LMR Partners LLP now owns 3,000,000 shares of the company's stock valued at $7,380,000 after purchasing an additional 2,055,000 shares during the last quarter. King Street Capital Management L.P. acquired a new stake in Altice USA during the 2nd quarter worth $5,100,000. Finally, Apollo Management Holdings L.P. grew its holdings in shares of Altice USA by 4.6% during the first quarter. Apollo Management Holdings L.P. now owns 2,281,533 shares of the company's stock worth $5,955,000 after buying an additional 100,000 shares in the last quarter. 54.85% of the stock is owned by hedge funds and other institutional investors.
About Altice USA
(
Get Free Report)
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.
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