Following these transactions, Drahi's direct ownership in Altice USA decreased, with 6,651,882 shares remaining. The sales were linked to the exercise and expiration of capped call options, as part of a debt repayment to a financial institution. These options involved the delivery of shares to the counterparty, as detailed in the Form 4 filing. According to InvestingPro data, the company's total debt represents 95% of total capital, with a concerning current ratio of 0.41, indicating potential liquidity challenges. Get access to 7 more key InvestingPro Tips and comprehensive analysis in the Pro Research Report. According to InvestingPro data, the company's total debt represents 95% of total capital, with a concerning current ratio of 0.41, indicating potential liquidity challenges. Get access to 7 more key InvestingPro Tips and comprehensive analysis in the Pro Research Report.
Following these transactions, Drahi's direct ownership in Altice USA decreased, with 6,651,882 shares remaining. The sales were linked to the exercise and expiration of capped call options, as part of a debt repayment to a financial institution. These options involved the delivery of shares to the counterparty, as detailed in the Form 4 filing.
In other recent news, Altice USA has reported key developments in its Q3 2024 Earnings Call, including a Q3 revenue of $2.2 billion and adjusted EBITDA of $862 million. The company added 47,000 new fiber customers and 36,000 new mobile lines, with aims to reach over 1 million customers in each segment by 2026 and 2027, respectively. Altice USA's CEO, Dennis Mathew, was granted a $5 million cash performance award, contingent upon the achievement of specific financial targets for the fiscal year 2027.
In other executive transitions, Colleen Schmidt, Executive Vice President, Human Resources, will transition to a Senior Advisor role before leaving the company in March 2025. Analysts from Citi and TD Cowen have maintained their Buy ratings on Altice USA. Citi highlighted opportunities for cost reduction and positive price actions in 2025, while TD Cowen acknowledged the company's progress despite a reduced EBITDA.
These are recent developments, showing Altice USA's commitment to enhancing customer experience, operational stability, and financial growth.
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