Altice USAATUS
About: Altice Europe acquired privately held us cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provide television, internet access, and phone services to roughly 4 million us 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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
224% more call options, than puts
Call options by funds: $33.5M | Put options by funds: $10.3M
38% more funds holding in top 10
Funds holding in top 10: 8 [Q2] → 11 (+3) [Q3]
18% more capital invested
Capital invested by funds: $514M [Q2] → $609M (+$94.2M) [Q3]
4% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 47
1.95% less ownership
Funds ownership: 91.44% [Q2] → 89.49% (-1.95%) [Q3]
4% less funds holding
Funds holding: 168 [Q2] → 162 (-6) [Q3]
18% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 34
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Citigroup Michael Rollins 54% 1-year accuracy 13 / 24 met price target | 14%upside $3 | Buy Maintained | 11 Dec 2024 |
TD Cowen Gregory Williams 53% 1-year accuracy 8 / 15 met price target | 33%upside $3.50 | Buy Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 3 articles about ATUS published over the past 30 days
