Altice USA, Inc. (NYSE:ATUS - Get Free Report) Director Alt S.A.R.L. Next sold 805,227 shares of the business's stock in a transaction on Tuesday, November 19th. 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 sale, the director now owns 25,172,139 shares of the company's stock, valued at $616,717,405.50. This trade represents a 3.10 % 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 link.
Alt S.A.R.L. Next also recently made the following trade(s):
- 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 transaction of $19,728,061.50.
- 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 transaction 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 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 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 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 Stock Up 1.7 %
This Bull Market Indicator called NVDA at $116
From WealthPress | Ad
Every now and again we find an investment idea so incredible we can’t help but share.
And today is one of those rare days…
Except, today we won't be giving you insight on any one particular stock…
But rather, insight on a revolutionary new stock picking indicator…
In fact, within the last year, this indicator has become famous for a multitude of reasons…
But one of the biggest was because of the buy signal it issued on October 18th, 2022.
In fact, on that very day, it said to buy NVDA at $116.37…
Anyone who did would be sitting on a tremendously large return today…
But even if you missed the original buy signal from October, this incredible indicator issued 11 other buy signals while Nvidia made its epic run…
All you have to do is follow this link here
NYSE ATUS opened at $2.42 on Thursday. Altice USA, Inc. has a 52 week low of $1.52 and a 52 week high of $3.66. The business has a 50 day moving average price of $2.43 and a 200-day moving average price of $2.17. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -6.54, a P/E/G ratio of 49.18 and a beta of 1.52.
Altice USA (NYSE:ATUS - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.13). The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.24 billion. Altice USA had a negative net margin of 1.85% and a negative return on equity of 1.54%. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share. On average, equities research analysts anticipate that Altice USA, Inc. will post 0.01 earnings per share for the current year.
Analyst Ratings Changes
ATUS has been the topic of a number of research reports. UBS Group lowered Altice USA from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $4.00 to $2.00 in a research 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. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Altice USA has an average rating of "Hold" and a consensus price target of $2.22.
View Our Latest Research Report on ATUS
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of ATUS. US Bancorp DE boosted its holdings in 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 during the last quarter. Quadrature Capital Ltd purchased a new position in Altice USA during the third quarter worth about $27,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Altice USA in the 2nd quarter valued at about $25,000. D.A. Davidson & CO. purchased a new stake in Altice USA in the 3rd quarter valued at about $32,000. Finally, Wolverine Trading LLC purchased a new position in shares of Altice USA in the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 54.85% of the company's stock.
Altice USA Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
