Altice USA, Inc. (NYSE:ATUS – Get Free Report) Director Alt S.A.R.L. Next sold 805,227 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was 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 38,860,998 shares in the company, valued at approximately $952,094,451. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Alt S.A.R.L. Next also recently made the following trade(s):
- 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 value of $19,728,061.50.
Altice USA Stock Performance
Shares of NYSE ATUS opened at $2.59 on Wednesday. Altice USA, Inc. has a one year low of $1.52 and a one year high of $3.66. The firm has a market capitalization of $1.19 billion, a P/E ratio of 259.00, a PEG ratio of 3.27 and a beta of 1.53. The company’s fifty day moving average is $2.23 and its two-hundred day moving average is $2.10.
Institutional Investors Weigh In On Altice USA
Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC purchased a new stake in Altice USA during the second quarter worth $25,000. Headlands Technologies LLC purchased a new position in shares of Altice USA in the first quarter valued at $46,000. US Bancorp DE raised its stake in shares of 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 buying an additional 5,000 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of Altice USA in the 1st quarter worth about $65,000. Finally, Swedbank AB acquired a new stake in Altice USA in the 1st quarter valued at about $66,000. Institutional investors and hedge funds own 54.85% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on ATUS shares. Evercore ISI cut their price target on Altice USA from $3.00 to $2.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. UBS Group downgraded shares of Altice USA from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $4.00 to $2.00 in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1.97.
View Our Latest Stock Report on ATUS
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.
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