Vanguard Group Inc. Boosts Stock Position in Optimum Communications, Inc. $OPTU

Vanguard Group Inc. boosted its stake in shares of Optimum Communications, Inc. (NYSE:OPTU) by 2.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,403,757 shares of the company’s stock after acquiring an additional 650,087 shares during the quarter. Vanguard Group Inc. owned about 0.06% of Optimum Communications worth $66,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Optimum Communications by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 8,803,557 shares of the company’s stock valued at $21,217,000 after purchasing an additional 879,589 shares during the period. Optimize Financial Inc purchased a new stake in shares of Optimum Communications during the third quarter worth approximately $1,595,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Optimum Communications during the third quarter worth $27,000. Wealth Enhancement Advisory Services LLC grew its position in Optimum Communications by 50.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,300 shares of the company’s stock valued at $39,000 after buying an additional 5,156 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Optimum Communications by 262.1% in the 3rd quarter. SG Americas Securities LLC now owns 48,042 shares of the company’s stock valued at $116,000 after buying an additional 34,774 shares during the last quarter. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

Optimum Communications News Roundup

Here are the key news stories impacting Optimum Communications this week:

• Positive Sentiment: Broker/market commentary labels OPTU as oversold and potentially poised for a rebound, which could attract short-term bargain hunters and stabilize the share price. MSN: Oversold stock ready to bounce back
• Neutral Sentiment: Zacks Research issued a FY2028 EPS estimate of ($0.63). This provides additional forward guidance context but by itself is a projection rather than an action; impact depends on how investors weigh it versus other forecasts and company updates.
• Negative Sentiment: Zacks Research cut multiple near-term and medium-term EPS estimates (Q1–Q4 2026, Q3–Q4 2026, Q1–Q4 2027 and FY2026–FY2027), with some quarterly forecasts moving materially lower (e.g., Q1 2027 from $0.08 to ($0.01); FY2027 from ($0.20) to ($0.39); FY2026 to ($0.52)). Zacks maintains a “Hold” rating, but the scale of downgrades increases recession of expected profitability and likely weighs on the stock.
• Negative Sentiment: Reported insider selling coincided with a share gap down, a near-term technical and sentiment negative that can amplify selling pressure and reduce investor confidence. AmericanBankingNews: Insider selling

Insider Activity at Optimum Communications

In related news, General Counsel Michael Olsen sold 20,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $1.40, for a total transaction of $28,000.00. Following the sale, the general counsel owned 1,239,781 shares of the company’s stock, valued at approximately $1,735,693.40. The trade was a 1.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 44.60% of the stock is owned by company insiders.

Optimum Communications Stock Performance

Optimum Communications stock opened at $1.48 on Friday. Optimum Communications, Inc. has a one year low of $1.38 and a one year high of $2.98. The business has a fifty day moving average of $1.67 and a two-hundred day moving average of $1.99. The company has a market cap of $693.93 million, a P/E ratio of -0.37 and a beta of 1.51.

Optimum Communications (NYSE:OPTU) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the business posted ($0.12) earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Sell-side analysts predict that Optimum Communications, Inc. will post -0.24 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays cut their price objective on shares of Optimum Communications from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Zacks Research raised shares of Optimum Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. Citigroup lowered shares of Optimum Communications from a “buy” rating to a “neutral” rating in a research note on Sunday, February 15th. Benchmark cut shares of Optimum Communications from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Evercore set a $2.00 price objective on shares of Optimum Communications in a research report on Friday, February 13th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Optimum Communications has a consensus rating of “Reduce” and an average price target of $2.19.

Optimum Communications Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company’s video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.