Insider Buying: Optimum Communications (NYSE:OPTU) Major Shareholder Purchases $142,520.13 in Stock

Posted by Francis Steltz on Aug 31st, 2026

Optimum Communications, Inc. (NYSE:OPTU – Get Free Report) major shareholder Neil Subin purchased 171,711 shares of the business’s stock in a transaction on Monday, August 24th. The shares were purchased at an average price of $0.83 per share, with a total value of $142,520.13. Following the acquisition, the insider directly owned 19,548,909 shares in the company, valued at $16,225,594.47. This represents a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Optimum Communications Trading Down 0.5%

Shares of NYSE OPTU opened at $1.01 on Monday. Optimum Communications, Inc. has a 12-month low of $0.58 and a 12-month high of $2.79. The firm’s 50-day moving average price is $1.01 and its 200-day moving average price is $1.20. The stock has a market capitalization of $276.66 million, a price-to-earnings ratio of -0.10 and a beta of 1.20.

Optimum Communications (NYSE:OPTU – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.50). The firm had revenue of $2.02 billion during the quarter. On average, equities analysts predict that Optimum Communications, Inc. will post -0.82 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on OPTU. Wall Street Zen downgraded shares of Optimum Communications from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 26th. Wells Fargo & Company reduced their price target on Optimum Communications from $1.00 to $0.75 and set an “underweight” rating on the stock in a report on Tuesday, August 11th. Citigroup lowered Optimum Communications from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $1.50 to $0.50 in a research note on Friday, May 15th. Evercore set a $1.25 price objective on Optimum Communications in a report on Tuesday, May 12th. Finally, UBS Group reduced their target price on Optimum Communications from $2.00 to $1.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Six equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $0.92.

Check Out Our Latest Analysis on OPTU

Institutional Investors Weigh In On Optimum Communications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cerberus Capital Management L.P. acquired a new stake in Optimum Communications during the 4th quarter valued at approximately $6,502,000. Vanguard Group Inc. acquired a new position in Optimum Communications during the fourth quarter valued at $46,002,000. CastleKnight Management LP purchased a new stake in Optimum Communications in the fourth quarter valued at $8,422,000. Empyrean Capital Partners LP acquired a new stake in Optimum Communications during the 4th quarter worth about $41,297,000. Finally, Mount Capital Ltd acquired a new stake in Optimum Communications during the 4th quarter worth about $6,418,000. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

More Optimum Communications News

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

Positive Sentiment: Subin’s most significant purchase was 1.29 million shares at an average price of $0.84 on August 19. He also bought 535,191 shares on August 21 and 171,711 shares on August 24. His holdings increased to approximately 19.55 million shares, indicating continued willingness to commit capital as OPTU trades near the $1 level. SEC ownership filing
Positive Sentiment: The buying continued with smaller purchases on August 25 and additional transactions in late July, including 732,279 shares on July 30. Repeated purchases by a major shareholder can be interpreted as a signal that the investor believes the stock is undervalued or expects an improved outlook.

About Optimum Communications

(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.