Altice USA Inc (ATUS) down -37.23% since start of the year

Altice USA Inc (NYSE: ATUS) is -37.23% lower on its value in year-to-date trading and has touched a low of $1.75 and a high of $4.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ATUS stock was last observed hovering at around $2.02 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $2.04, the stock is -15.19% and -18.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.98 million and changing 0.99% at the moment leaves the stock -27.99% off its SMA200. ATUS registered -56.50% loss for a year compared to 6-month loss of -40.35%. The firm has a 50-day simple moving average (SMA 50) of $2.80 and a 200-day simple moving average (SMA200) of $7.38.

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The stock witnessed a -24.16% gain in the last 1 month and extending the period to 3 months gives it a -17.74%, and is -7.27% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.49% over the week and 7.76% over the month.

Altice USA Inc (ATUS) has around Jun 07 2018 employees, a market worth around $1.30B and $9.30B in sales. Fwd P/E is 5.65. Profit margin for the company is -0.24%. Distance from 52-week low is 16.91% and -57.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.09%).

Altice USA Inc quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $2.29B over the same period.The EPS is expected to grow by 12.92% this year, but quarterly earnings will post -4.30% year-over-year. Quarterly sales are estimated to shrink -3.30% in year-over-year returns.

Altice USA Inc (ATUS) Top Institutional Holders

247 institutions hold shares in Altice USA Inc (ATUS), with institutional investors hold 60.08% of the company’s shares. The shares outstanding are 639.09M, and float is at 389.13M with Short Float at 6.16%. Institutions hold 53.09% of the Float.

The top institutional shareholder in the company is Clarkston Capital Partners LLC with over 38.14 million shares valued at $115.18 million. The investor’s holdings represent 8.39% of the ATUS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 22.0 million shares valued at $66.43 million to account for 4.84% of the shares outstanding. The other top investors are AQR Capital Management, LLC which holds 17.14 million shares representing 3.77% and valued at over $51.77 million, while Redwood Capital Management, LLC holds 3.52% of the shares totaling 16.02 million with a market value of $48.39 million.

Altice USA Inc (ATUS) Insider Activity

A total of 1 insider transactions have happened at Altice USA Inc (ATUS) in the last six months, with sales accounting for 1 and purchases happening 0 times.

Altice USA Inc (ATUS): Who are the competitors?

The company’s main competitors (and peers) include SoftBank Group Corp. (SFTBF) that is trading 21.73% up over the past 12 months. Orange Polska S.A. (PTTWF) that is -40.00% lower over the same period.