Shenkman Capital Management Inc. Buys Shares of 863,189 Optimum Communications, Inc. $OPTU

Shenkman Capital Management Inc. purchased a new stake in shares of Optimum Communications, Inc. (NYSE:OPTU) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 863,189 shares of the company’s stock, valued at approximately $1,444,000. Shenkman Capital Management Inc. owned about 0.18% of Optimum Communications as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of OPTU. Swiss Life Asset Management Ltd bought a new position in shares of Optimum Communications during the 3rd quarter worth approximately $26,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Optimum Communications during the 3rd quarter valued at $27,000. Voleon Capital Management LP acquired a new stake in shares of Optimum Communications in the 3rd quarter worth $31,000. Ritholtz Wealth Management purchased a new position in Optimum Communications during the 4th quarter worth $38,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Optimum Communications by 50.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,300 shares of the company’s stock valued at $39,000 after buying an additional 5,156 shares during the last quarter. 54.85% of the stock is currently owned by institutional investors.

Optimum Communications Price Performance

Shares of Optimum Communications stock opened at $0.68 on Monday. The stock has a market capitalization of $322.95 million, a P/E ratio of -0.07 and a beta of 1.37. The business has a 50 day simple moving average of $1.22 and a two-hundred day simple moving average of $1.53. Optimum Communications, Inc. has a 12 month low of $0.58 and a 12 month high of $2.98.

Optimum Communications News Summary

Here are the key news stories impacting Optimum Communications this week:

• Positive Sentiment: Zacks Research slightly improved its outlook for Q4 2026, Q3 2027, and Q4 2027 EPS, suggesting some improvement in the company’s expected operating trend. Article link
• Neutral Sentiment: The firm maintained a Hold rating on Optimum Communications (NYSE: OPTU), indicating analysts are not yet recommending a stronger bullish stance. Article link
• Negative Sentiment: Analysts cut earnings estimates for several periods, including Q1 2027, Q2 2026, FY2027, Q1 2028, and FY2028, reinforcing expectations that the company may remain unprofitable for an extended period. Article link

Insider Transactions at Optimum Communications

In other news, General Counsel Michael Olsen sold 20,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $1.59, for a total transaction of $31,800.00. Following the completion of the sale, the general counsel owned 1,199,781 shares of the company’s stock, valued at $1,907,651.79. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 44.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Benchmark downgraded shares of Optimum Communications from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Evercore set a $1.25 price target on shares of Optimum Communications in a research note on Tuesday, May 12th. Wall Street Zen downgraded shares of Optimum Communications from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. The Goldman Sachs Group set a $1.00 target price on Optimum Communications in a research note on Friday, May 8th. Finally, Citigroup downgraded shares of Optimum Communications from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $1.50 to $0.50 in a report on Friday, May 15th. Five research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $0.95.

Optimum Communications Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company’s video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.