We’d be surprised if Altice USA, Inc. (NYSE:ATUS) shareholders haven’t noticed that the Director, Gerrit Bakker, recently sold US$346k worth of stock at US$27.00 per share. That sale was 30% of their holding, so it does make us raise an eyebrow.
Altice USA Insider Transactions Over The Last Year
The Director, Dennis Okhuijsen, made the biggest insider sale in the last 12 months. That single transaction was for US$14m worth of shares at a price of US$24.73 each. That means that even when the share price was below the current price of US$27.22, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don’t know for sure what they think of the stock price. We note that the biggest single sale was 100% of Dennis Okhuijsen’s holding.
In the last year Altice USA insiders didn’t buy any company stock. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does Altice USA Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Altice USA insiders own about US$448m worth of shares (which is 2.6% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Do The Altice USA Insider Transactions Indicate?
An insider hasn’t bought Altice USA stock in the last three months, but there was some selling. And even if we look to the last year, we didn’t see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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