ATUS stock icon

Altice USA
ATUS

$2.1
1.79%
 

About: Altice Europe acquired privately held U.S. cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provide television, internet access, and phone services to roughly 4 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provides comparable services to about 5.5 million homes and business in the New York City metro area. Both regions now operate under the Optimum brand name. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local news in New York and i24News, a news operation focused on the Middle East.

Employees: 10,600

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 9 analysts
0
News positive %
of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

569% more call options, than puts

Call options by funds: $8.07M | Put options by funds: $1.21M

50% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 6 (+2) [Q1 2024]

2.22% more ownership

Funds ownership: 87.5% [Q4 2023] → 89.72% (+2.22%) [Q1 2024]

9% less funds holding

Funds holding: 176 [Q4 2023] → 160 (-16) [Q1 2024]

17% less capital invested

Capital invested by funds: $769M [Q4 2023] → $635M (-$134M) [Q1 2024]

36% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 64

50% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 32

Research analyst outlook

9 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$1
52%
downside
Avg. target
$2.89
38%
upside
High target
$5
138%
upside

9 analyst ratings

positive
33%
neutral
44%
negative
22%
Loop Capital
Alan Gould
5%downside
$2
Hold
Maintained
23 Apr 2024
Exane BNP Paribas
Kohulan Paramaguru
52%downside
$1
Underperform
Downgraded
9 Apr 2024
Wells Fargo
Steven Cahall
52%downside
$1
Underweight
Downgraded
5 Apr 2024
Evercore ISI Group
James Ratcliffe
43%upside
$3
In-Line
Maintained
26 Mar 2024
Benchmark
Matthew Harrigan
138%upside
$5
Buy
Reiterated
20 Mar 2024

Financial journalist opinion

Based on 3 articles about ATUS published over the past 30 days