Altice USA (ATUS)

• Market cap: $1.09B
• 1 day: 3.96%
• 5 days: -10.27%
• 1 month: -18.90%
• 3 months: -8.53%
• 6 months: 21.65%
• Year to date: -0.42%
• 1 year: -10.27%
• 5 years: -89.60%
• 10 years: -92.79%
• Sector: Communication Services
• Industry: Cable & Other Pay Television Services

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: 10,900

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

729% more call options, than puts

Call options by funds: $73.3M | Put options by funds: $8.84M

14% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 44

3.29% more ownership

Funds ownership: 90.17% [Q3] → 93.46% (+3.29%) [Q4]

2% more capital invested

Capital invested by funds: $613M [Q3] → $624M (+$10.6M) [Q4]

4% less funds holding

Funds holding: 164 [Q3] → 157 (-7) [Q4]

20% less funds holding in top 10

Funds holding in top 10: 10 [Q3] → 8 (-2) [Q4]

22% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 27

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $3.50 48% upside
• Avg. target: $3.50 48% upside
• High target: $3.50 48% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Raymond James Frank Louthan 38% 1-year accuracy 6 / 16 met price target

48% upside $3.50

Outperform Upgraded

18 Feb 2025