2 days Ago By ABMN Staff
Altice USA, Inc. ( NYSE:ATUS – Get Free Report ) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 25,620,000 shares, a growth of 8.
5% from the November 30th total of 23,620,000 shares. Based on an average trading volume of 3,290,000 shares, the short-interest ratio is presently 7.8 days.
Currently, 11.8% of the shares of the stock are short sold. Analysts Set New Price Targets A number of equities analysts have recently commented on ATUS shares.
TD Cowen cut their price target on shares of Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th.
Citigroup raised their target price on Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th.
Five research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Altice USA currently has an average rating of “Hold” and an average target price of $2.30.
Read Our Latest Stock Report on Altice USA Altice USA Trading Up 3.0 % Altice USA ( NYSE:ATUS – Get Free Report ) last announced its earnings results on Monday, November 4th. The company reported ($0.
09) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.13).
The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.
15 EPS. As a group, research analysts predict that Altice USA will post -0.01 EPS for the current fiscal year.
Insider Activity In other news, Director Alt S.A.R.
L. Next sold 805,227 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director now owns 38,860,998 shares of the company’s stock, valued at $952,094,451.
This represents a 2.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink .
In the last ninety days, insiders sold 15,299,331 shares of company stock worth $374,833,610. Insiders own 52.90% of the company’s stock.
Institutional Trading of Altice USA Several large investors have recently modified their holdings of ATUS. US Bancorp DE boosted 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 in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Altice USA during the third quarter valued at about $27,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Altice USA during the 2nd quarter worth about $25,000.
D.A. Davidson & CO.
acquired a new stake in shares of Altice USA in the 3rd quarter valued at about $32,000. Finally, Wolverine Trading LLC bought a new stake in Altice USA in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 54.
85% of the company’s stock. About Altice USA ( 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. See Also Receive News & Ratings for Altice USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altice USA and related companies with MarketBeat.com's FREE daily email newsletter .
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