Optimum Communications (NYSE:OPTU) General Counsel Sells $22,400.00 in Stock

Posted by Geri Gentry on Jun 5th, 2026

Optimum Communications, Inc. (NYSE:OPTU – Get Free Report) General Counsel Michael Olsen sold 20,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1.12, for a total transaction of $22,400.00. Following the completion of the transaction, the general counsel directly owned 933,381 shares of the company’s stock, valued at approximately $1,045,386.72. The trade was a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Olsen also recently made the following trade(s):

On Friday, May 1st, Michael Olsen sold 20,000 shares of Optimum Communications stock. The shares were sold at an average price of $1.59, for a total transaction of $31,800.00.
On Wednesday, April 1st, Michael Olsen sold 20,000 shares of Optimum Communications stock. The shares were sold at an average price of $1.29, for a total transaction of $25,800.00.

Optimum Communications Price Performance

NYSE:OPTU opened at $1.12 on Friday. The stock has a market cap of $531.26 million, a P/E ratio of -0.11 and a beta of 1.36. The firm has a 50-day moving average of $1.21 and a two-hundred day moving average of $1.51. Optimum Communications, Inc. has a 1-year low of $0.58 and a 1-year high of $2.98.

Hedge Funds Weigh In On Optimum Communications

A number of large investors have recently bought and sold shares of the business. Optimize Financial Inc acquired a new stake in shares of Optimum Communications in the third quarter valued at approximately $1,595,000. 140 Summer Partners LP acquired a new stake in shares of Optimum Communications in the third quarter valued at approximately $7,615,000. JPMorgan Chase & Co. increased its stake 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. Carronade Capital Management LP increased its stake in shares of Optimum Communications by 42.3% in the third quarter. Carronade Capital Management LP now owns 5,768,682 shares of the company’s stock valued at $13,903,000 after purchasing an additional 1,715,073 shares during the period. Finally, Vanguard Group Inc. acquired a new stake in shares of Optimum Communications in the fourth quarter valued at approximately $46,002,000. Institutional investors own 54.85% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on OPTU shares. Raymond James Financial cut Optimum Communications from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 11th. Evercore set a $1.25 price objective on Optimum Communications in a research note on Tuesday, May 12th. Citigroup cut Optimum Communications from a “neutral” rating to a “sell” rating and cut their price objective for the company from $1.50 to $0.50 in a research note on Friday, May 15th. The Goldman Sachs Group set a $1.00 price objective on Optimum Communications in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded Optimum Communications from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. Six equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $0.95.

Check Out Our Latest Analysis on Optimum Communications

Optimum Communications Company Profile

(Get Free Report)

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.