Altice USA Inc (NYSE:ATUS) insider Michael Olsen sold 30,000 shares of Altice USA stock in a transaction on Monday, August 12th. The stock was sold at an average price of $27.03, for a total transaction of $810,900.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Altice USA stock opened at $26.90 on Friday. The company has a debt-to-equity ratio of 9.18, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a fifty day moving average price of $25.78 and a 200 day moving average price of $23.51. Altice USA Inc has a 1 year low of $14.49 and a 1 year high of $27.74. The stock has a market cap of $17.29 billion, a PE ratio of 43.06 and a beta of 0.99.
Altice USA (NYSE:ATUS) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. Altice USA had a net margin of 3.16% and a return on equity of 13.57%. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the previous year, the company earned ($0.13) earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts expect that Altice USA Inc will post 0.56 EPS for the current year.
Several brokerages recently issued reports on ATUS. JPMorgan Chase & Co. raised their target price on shares of Altice USA from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of Altice USA from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. UBS Group raised their target price on shares of Altice USA from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. ValuEngine cut shares of Altice USA from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Pivotal Research reissued a “buy” rating and set a $40.00 target price on shares of Altice USA in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $29.82.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATUS. Zimmer Partners LP increased its stake in shares of Altice USA by 5.6% during the second quarter. Zimmer Partners LP now owns 7,774,733 shares of the company’s stock worth $189,315,000 after purchasing an additional 411,098 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Altice USA during the second quarter worth about $47,290,000. Andra AP fonden purchased a new stake in shares of Altice USA during the second quarter worth about $4,661,000. Victory Capital Management Inc. purchased a new stake in shares of Altice USA during the second quarter worth about $961,000. Finally, CSat Investment Advisory L.P. increased its stake in shares of Altice USA by 1,094.6% during the second quarter. CSat Investment Advisory L.P. now owns 7,096 shares of the company’s stock worth $173,000 after purchasing an additional 6,502 shares in the last quarter. 50.13% of the stock is owned by institutional investors.
About Altice USA
Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.
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