Altice USA Inc (NYSE: ATUS) is -50.77% lower on its value in year-to-date trading and has touched a low of $1.52 and a high of $3.66 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 $1.57 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.60, the stock is -7.43% and -17.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.29 million and changing 1.91% at the moment leaves the stock -29.95% off its SMA200. ATUS registered -50.92% loss for a year compared to 6-month loss of -20.00%.
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The stock witnessed a -10.11% gain in the last 1 month and extending the period to 3 months gives it a -29.20%, and is 0.00% 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 7.20% over the week and 8.68% over the month.
Altice USA Inc (ATUS) has around 10600 employees, a market worth around $736.93M and $9.11B in sales. Fwd P/E is 16.21. Profit margin for the company is -0.62%. Distance from 52-week low is 5.26% and -56.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.23%).
The EPS is expected to grow by 12.72% this year.
Altice USA Inc (ATUS) Top Institutional Holders
229.0 institutions hold shares in Altice USA Inc (ATUS), with institutional investors hold 62.01% of the company’s shares. The shares outstanding are 271.77M, and float is at 204.45M with Short Float at 12.31%. Institutions hold 54.91% of the Float.
The top institutional shareholder in the company is CLARKSTON CAPITAL PARTNERS, LLC with over 34.17 million shares valued at $$89.18 million. The investor’s holdings represent 7.4708 of the ATUS Shares outstanding. As of 2024-03-31, the second largest holder is FMR LLC with 29.07 million shares valued at $$75.87 million to account for 6.3556 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 21.28 million shares representing 4.6518 and valued at over $$55.53 million, while D. E. SHAW & CO., INC. holds 3.0105 of the shares totaling 13.77 million with a market value of $$35.94 million.
