Altice USA, Inc. (NYSE:ATUS - Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Traders bought 12,648 call options on the stock. This represents an increase of approximately 2,084% compared to the average daily volume of 579 call options.
In other Altice USA news, Director Alt S.A.R.L. Next sold 805,230 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $24.50, for a total transaction of $19,728,135.00. Following the completion of the transaction, the director now directly owns 14,704,182 shares of the company's stock, valued at approximately $360,252,459. This represents a 5.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 15,299,331 shares of company stock worth $374,833,610. Insiders own 52.90% of the company's stock.
A number of hedge funds have recently bought and sold shares of the company. 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 valued at $53,000 after buying an additional 5,000 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Altice USA in the 3rd quarter worth about $27,000. Vanguard Personalized Indexing Management LLC bought a new position in Altice USA in the 2nd quarter worth about $25,000. D.A. Davidson & CO. bought a new position in shares of Altice USA in the third quarter worth approximately $32,000. Finally, Wolverine Trading LLC purchased a new stake in shares of Altice USA during the third quarter valued at approximately $39,000. Institutional investors own 54.85% of the company's stock.
Altice USA stock traded up $0.09 during mid-day trading on Tuesday, hitting $2.52. 2,456,042 shares of the company traded hands, compared to its average volume of 3,299,006. Altice USA has a one year low of $1.52 and a one year high of $3.18. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -6.81 and a beta of 1.50. The stock has a fifty day moving average price of $2.52 and a 200-day moving average price of $2.23.
Altice USA (NYSE:ATUS - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.13). Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter last year, the firm posted $0.15 earnings per share. The firm's revenue was down 3.9% on a year-over-year basis. Sell-side analysts predict that Altice USA will post -0.01 EPS for the current year.
A number of brokerages have weighed in on ATUS. Citigroup increased their target price on shares of Altice USA from $2.50 to $3.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. TD Cowen reduced their price objective on shares of 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $2.30.
View Our Latest Stock Analysis on 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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