Alt S.A.R.L. Next Sells 805,227 Shares of Altice USA, Inc. (NYSE:ATUS) 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 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 transaction, the director now directly owns 27,587,820 shares in the company, valued at approximately $675,901,590. The trade was a 2.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 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 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 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 shares were sold at an average price of $24.50, for a total value 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 value of $19,728,061.50.

Altice USA Stock Down 5.6 %

ATUS stock traded down $0.15 during 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 1-year low of $1.52 and a 1-year high of $3.66. The firm has a 50-day moving average price of $2.40 and a 200-day moving average price of $2.15. The firm has a market cap of $1.14 billion, a PE ratio of -6.95, a price-to-earnings-growth 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 analysts’ consensus estimates 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 net margin of 1.85% and a negative return on equity of 1.54%. Altice USA’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. Sell-side analysts anticipate that Altice USA, Inc. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ATUS. UBS Group cut Altice USA from a “buy” rating to a “neutral” rating and cut their target price 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. Six research 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 presently has a consensus rating of “Hold” and a consensus price target of $2.12.

Institutional Trading of Altice USA

Several large investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its stake in Altice USA by 30.2% during the third 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 period. Quadrature Capital Ltd bought a new stake in Altice USA during the third quarter worth approximately $27,000. Vanguard Personalized Indexing Management LLC acquired a new position in Altice USA in the 2nd quarter worth approximately $25,000. D.A. Davidson & CO. acquired a new position in Altice USA in the 3rd quarter worth approximately $32,000. Finally, Wolverine Trading LLC acquired a new stake in shares of Altice USA during the 3rd quarter valued at $39,000. 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.