Following these transactions, Drahi's direct ownership in Altice USA stands at 9,067,572 shares. The sales were made through Next (LON:NXT) Alt S.a.r.l., Drahi's personal holding company, which holds significant influence over Altice USA's board appointments. InvestingPro analysis indicates the company's overall financial health score is "FAIR," with analysts projecting a return to profitability this year despite current challenges. Get access to 6 more exclusive ProTips and comprehensive financial analysis through InvestingPro's detailed research reports. InvestingPro analysis indicates the company's overall financial health score is "FAIR," with analysts projecting a return to profitability this year despite current challenges. Get access to 6 more exclusive ProTips and comprehensive financial analysis through InvestingPro's detailed research reports.
Following these transactions, Drahi's direct ownership in Altice USA stands at 9,067,572 shares. The sales were made through Next Alt S.a.r.l., Drahi's personal holding company, which holds significant influence over Altice USA's board appointments.
In other recent news, Altice USA has been making significant strides in its corporate strategy. The company recently announced an executive transition, with Colleen Schmidt, Executive Vice President, Human Resources, set to transition to a Senior Advisor role to the CEO before her separation from the company on March 28, 2025. This change is part of the company's strategic adjustments in its leadership structure.
Altice USA has also been the subject of recent analyst attention. Citi analysts have maintained a Buy rating on the company, citing opportunities for cost reduction and positive price actions in 2025. Similarly, TD Cowen continues to recommend a Buy rating despite reducing its price target, following mixed results in the company's third-quarter 2024 performance.
The company's Q3 2024 earnings call reported key developments, including operational improvements and strategic growth in its fiber customer base. Altice USA reported Q3 revenue of $2.2 billion and adjusted EBITDA of $862 million, with significant increases in mobile services revenue. The company added 47,000 new fiber customers in Q3, reaching a total of 482,000, and grew its mobile services with 36,000 new lines, totaling 420,000.
These recent developments underscore Altice USA's ongoing commitment to enhancing its operations, financial standing, and customer base. As the company navigates the competitive cable industry, it continues to focus on operational excellence and market strategy evolution.
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