Altice USA Inc (NYSE: ATUS) is -14.15% 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 $2.69 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $2.79, the stock is 11.40% and 17.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.21 million and changing 3.72% at the moment leaves the stock 26.02% off its SMA200. ATUS registered 23.45% gain for a year compared to 6-month gain of 27.98%. The firm has a 50-day simple moving average (SMA 50) of $2.3604 and a 200-day simple moving average (SMA200) of $2.21355.
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The stock witnessed a 15.77% loss in the last 1 month and extending the period to 3 months gives it a 72.22%, and is 10.28% 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 7.74% over the week and 6.80% over the month.
Altice USA Inc (ATUS) has around 10600 employees, a market worth around $1.29B and $9.02B in sales. Fwd P/E is 699.25. Profit margin for the company is -1.85%. Distance from 52-week low is 83.55% and -23.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.68%).
with sales reaching $2.24B over the same period.The EPS is expected to shrink by -119.84% this year, but quarterly earnings will post -3.00% year-over-year. Quarterly sales are estimated to shrink -2.60% in year-over-year returns.
Altice USA Inc (ATUS) Top Institutional Holders
217.0 institutions hold shares in Altice USA Inc (ATUS), with institutional investors hold 54.36% of the company’s shares. The shares outstanding are 271.77M, and float is at 206.65M with Short Float at 12.29%. Institutions hold 48.20% 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.
Altice USA Inc (ATUS) Insider Activity
The most recent transaction is an insider sale by Next Alt S.a.r.l., the company’s Director. SEC filings show that Next Alt S.a.r.l. sold 805,227 shares of the company’s common stock on Nov 08 ’24 at a price of $24.50 per share for a total of $19.73 million. Following the sale, the insider now owns 30.81 million shares.
Altice USA Inc disclosed in a document filed with the SEC on Nov 07 ’24 that Next Alt S.a.r.l. (Director) sold a total of 805,227 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $24.50 per share for $19.73 million. Following the transaction, the insider now directly holds 31.61 million shares of the ATUS stock.
Still, SEC filings show that on Nov 06 ’24, Next Alt S.a.r.l. (Director) disposed off 805,227 shares at an average price of $24.50 for $19.73 million. The insider now directly holds 32,419,182 shares of Altice USA Inc (ATUS).
