Insider Selling: Altice USA Inc (NYSE:ATUS) Insider Sells 30,000 Shares of Stock
Altice USA Inc (NYSE:ATUS) insider Michael Olsen sold 30,000 shares of Altice USA stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $27.03, for a total value of $810,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Altice USA stock traded down $0.32 during trading hours on Tuesday, reaching $26.70. The stock had a trading volume of 6,485,534 shares, compared to its average volume of 4,989,122. The company has a market capitalization of $17.39 billion, a P/E ratio of 333.75 and a beta of 0.99. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 9.18. The stock has a 50 day moving average of $25.66. Altice USA Inc has a 52 week low of $14.49 and a 52 week high of $27.74.
Altice USA (NYSE:ATUS) last announced its earnings results on Wednesday, July 31st. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.05. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.45 billion. Altice USA had a net margin of 3.16% and a return on equity of 13.57%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.13) earnings per share. On average, equities analysts anticipate that Altice USA Inc will post 0.56 earnings per share for the current fiscal year.
Several research firms recently weighed in on ATUS. Macquarie began coverage on Altice USA in a report on Wednesday, June 19th. They issued a “buy” rating and a $30.00 price objective for the company. ValuEngine downgraded Altice USA from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Pivotal Research restated a “buy” rating and issued a $40.00 price objective on shares of Altice USA in a report on Wednesday, July 31st. Nomura lifted their price objective on Altice USA from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, TheStreet upgraded Altice USA from a “d+” rating to a “c+” rating in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $29.82.
Altice USA Company Profile
Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.
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