Following these sales, Drahi, through his holding company Next (LON:NXT) Alt S.a.r.l., retains ownership of 5,846,652 shares of Altice USA. These transactions were part of a series of financial maneuvers involving capped call transactions, as noted in the filing's footnotes. According to InvestingPro analysis, the company faces some financial challenges with short-term obligations exceeding liquid assets, though analysts expect profitability this year. Get access to additional insights and the comprehensive Pro Research Report covering ATUS and 1,400+ other stocks on InvestingPro. According to InvestingPro analysis, the company faces some financial challenges with short-term obligations exceeding liquid assets, though analysts expect profitability this year. Get access to additional insights and the comprehensive Pro Research Report covering ATUS and 1,400+ other stocks on InvestingPro.
Following these sales, Drahi, through his holding company Next Alt S.a.r.l., retains ownership of 5,846,652 shares of Altice USA. These transactions were part of a series of financial maneuvers involving capped call transactions, as noted in the filing's footnotes.
In other recent news, Altice USA has been making significant strides. The company's Compensation Committee has approved a $5 million cash performance award for CEO, Dennis Mathew, as part of a long-term incentive plan. This decision is based on achieving specific financial targets for the fiscal year 2027. In addition, Altice USA has announced an executive transition with Colleen Schmidt, Executive Vice President, Human Resources, transitioning to a Senior Advisor role before leaving the company in March 2025.
Analyst firms have also maintained their confidence in Altice USA. Citi analysts have upheld their Buy rating, citing opportunities for cost reduction and positive price actions in 2025. TD Cowen, despite reducing its price target, has continued its Buy rating based on the company's Q3 2024 performance and future goals.
Altice USA's Q3 2024 earnings call revealed a commitment to enhancing customer experience and operational stability, with a focus on fiber and mobile customer growth. The company reported Q3 revenue of $2.2 billion and adjusted EBITDA of $862 million. Altice USA added 47,000 new fiber customers and 36,000 new mobile lines in Q3, with the aim of reaching over 1 million customers in each segment by 2026 and 2027, respectively. These are among the recent developments in Altice USA.
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