Altice USA Inc (ATUS) Stock Could Soon Reward Patient Investors

Altice USA Inc (NYSE: ATUS) is -33.23% 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 $2.17 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $2.17, the stock is 14.15% and 18.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 0.00% at the moment leaves the stock -2.91% off its SMA200. ATUS registered -32.40% loss for a year compared to 6-month loss of -18.73%.

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The stock witnessed a 33.95% gain in the last 1 month and extending the period to 3 months gives it a 3.33%, and is 5.85% up 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 7.61% over the week and 9.19% over the month.

Altice USA Inc (ATUS) has around 10600 employees, a market worth around $999.46M and $9.11B in sales. Fwd P/E is 24.89. Profit margin for the company is -0.62%. Distance from 52-week low is 42.76% and -40.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.23%).

with sales reaching $2.24B over the same period.The EPS is expected to grow by 3.90% this year, but quarterly earnings will post -2.80% year-over-year. Quarterly sales are estimated to shrink -2.30% in year-over-year returns.

Altice USA Inc (ATUS) Top Institutional Holders

230.0 institutions hold shares in Altice USA Inc (ATUS), with institutional investors hold 55.84% of the company’s shares. The shares outstanding are 271.77M, and float is at 204.86M with Short Float at 12.57%. Institutions hold 49.45% of the Float.

The top institutional shareholder in the company is FMR LLC with over 31.9 million shares valued at $65.09 million. The investor’s holdings represent 6.9758% of the ATUS Shares outstanding. As of 2024-06-30, the second largest holder is CLARKSTON CAPITAL PARTNERS, LLC with 31.24 million shares valued at $63.74 million to account for 6.8311 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 21.46 million shares representing 4.6931% and valued at over $43.79 million, while D. E. SHAW & CO., INC. holds 2.5211 of the shares totaling 11.53 million with a market value of $23.52 million.