Altice USAATUS
Market Cap: $1.01B
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 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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
499% more call options, than puts
Call options by funds: $6.45M | Put options by funds: $1.08M
33% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 8 (+2) [Q2]
18% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 28
3% more funds holding
Funds holding: 163 [Q1] → 168 (+5) [Q2]
1.25% less ownership
Funds ownership: 91.31% [Q1] → 90.07% (-1.25%) [Q2]
22% less capital invested
Capital invested by funds: $647M [Q1] → $507M (-$140M) [Q2]
40% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 58
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
UBS John Hodulik 70% 1-year accuracy 7 / 10 met price target | 9%downside $2 | Neutral Downgraded | 2 Aug 2024 |
Evercore ISI Group James Ratcliffe 0 / 0 met price target | 9%downside $2 | In-Line Maintained | 2 Jul 2024 |
Goldman Sachs James Schneider 71% 1-year accuracy 10 / 14 met price target | 9%downside $2 | Sell Initiated | 1 Jul 2024 |
Financial journalist opinion
Based on 5 articles about ATUS published over the past 30 days