Altice USA Inc (NYSE:ATUS) has a beta value of 1.36 and has seen 2.01 million shares traded in the last trading session. The company, currently valued at $1.22B, closed the last trade at $2.67 per share which meant it gained $0.05 on the day or 1.91% during that session. The ATUS stock price is -43.07% off its 52-week high price of $3.82 and 34.46% above the 52-week low of $1.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.71 million shares traded. The 3-month trading volume is 5.44 million shares.
Altice USA Inc (NYSE:ATUS) trade information
Sporting 1.91% in the green in last session, the stock has traded in the red over the last five days, when the ATUS stock price touched $2.67 or saw a rise of 6.32%. Year-to-date, Altice USA Inc shares have moved -17.85%, while the 5-day performance has seen it change -2.91%. Over the past 30 days, the shares of Altice USA Inc (NYSE:ATUS) have changed 23.61%. Short interest in the company has seen 25.7 million shares shorted with days to cover at 3.8.
Altice USA Inc (ATUS) estimates and forecasts
Figures show that Altice USA Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -16.82% over the past 6 months, with this year growth rate of 83.33%, compared to 18.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -100.00% and -64.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be -2.30%.
11 analysts offering their estimates for the company have set an average revenue estimate of $2.24 billion for the current quarter. 9 have an estimated revenue figure of $2.25 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $2.29 billion and $2.32 billion respectively for this quarter and the next, and analysts expect sales will shrink by -2.30% for the current quarter and -3.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 35.28% over the past 5 years.
ATUS Dividends
Altice USA Inc is expected to release its next earnings report between May 01 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Altice USA Inc (NYSE:ATUS)’s Major holders
Insiders own 19.56% of the company shares, while shares held by institutions stand at 88.15% with a share float percentage of 109.58%. Investors are also buoyed by the number of investors in a company, with Altice USA Inc having a total of 243 institutions that hold shares in the company. The top two institutional holders are Clarkston Capital Partners LLC with over 38.14 million shares worth more than $115.18 million. As of Jun 29, 2023, Clarkston Capital Partners LLC held 8.39% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 22.0 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $66.43 million and represent 4.84% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Alps Ser Tr-Clarkston Partners Fd and Vanguard Total Stock Market Index Fund. As of Jun 29, 2023, the former fund manager holds about 2.20% shares in the company for having 10.0 million shares of worth $30.2 million while later fund manager owns 6.72 million shares of worth $20.29 million as of Jun 29, 2023, which makes it owner of about 1.48% of company’s outstanding stock.
