Optimum Communications (NYSE:OPTU) Major Shareholder Neil Subin Acquires 63,624 Shares of Company Stock

Posted by Francis Steltz on Oct 26th, 2026

Optimum Communications, Inc. (NYSE:OPTU – Get Free Report) major shareholder Neil Subin bought 63,624 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The shares were acquired at an average cost of $0.61 per share, for a total transaction of $38,810.64. Following the completion of the purchase, the insider owned 21,777,316 shares in the company, valued at $13,284,162.76. This trade represents a 0.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Optimum Communications Stock Up 10.0%

Optimum Communications stock traded up $0.07 during mid-day trading on Monday, reaching $0.73. 4,970,012 shares of the company’s stock were exchanged, compared to its average volume of 3,164,736. The company has a market cap of $197.70 million, a P/E ratio of -0.07 and a beta of 1.17. Optimum Communications, Inc. has a twelve month low of $0.48 and a twelve month high of $2.28. The company has a fifty day moving average of $0.96 and a 200-day moving average of $1.21.

Optimum Communications (NYSE:OPTU – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.50). The firm had revenue of $2.02 billion during the quarter. Equities research analysts expect that Optimum Communications, Inc. will post -0.83 earnings per share for the current fiscal year.

Institutional Trading of Optimum Communications

A number of large investors have recently made changes to their positions in the stock. Corient Private Wealth LP raised its position in shares of Optimum Communications by 32.0% in the second quarter. Corient Private Wealth LP now owns 278,520 shares of the company’s stock valued at $404,000 after buying an additional 67,506 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Optimum Communications in the 2nd quarter worth approximately $86,000. Engineers Gate Manager LP raised its holdings in Optimum Communications by 2,392.3% in the 2nd quarter. Engineers Gate Manager LP now owns 266,771 shares of the company’s stock valued at $387,000 after acquiring an additional 256,067 shares during the last quarter. Cidel Asset Management Inc. raised its holdings in Optimum Communications by 139.7% in the 2nd quarter. Cidel Asset Management Inc. now owns 58,484 shares of the company’s stock valued at $85,000 after acquiring an additional 34,084 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Optimum Communications by 4.2% during the 1st quarter. Bank of America Corp DE now owns 1,082,376 shares of the company’s stock worth $1,407,000 after purchasing an additional 43,279 shares during the period. Institutional investors and hedge funds own 54.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen lowered Optimum Communications from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 26th. Weiss Ratings downgraded Optimum Communications from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 14th. Zacks Research cut shares of Optimum Communications from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. Finally, Wells Fargo & Company lowered their price objective on Optimum Communications from $1.00 to $0.75 and set an “underweight” rating for the company in a research report on Tuesday, August 11th. Five investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $0.92.

Check Out Our Latest Research Report on Optimum Communications

Optimum Communications Company Profile

(Get Free Report)

Optimum Communications, Inc provides broadband communications and entertainment services to residential and business customers under the Optimum brand. Its offerings include high-speed internet, traditional and streaming television services, home phone, mobile connectivity, and related digital products.

The company also serves business and enterprise customers with internet access, voice services, managed communications, data networking, and other connectivity solutions. In addition, Optimum provides local and regional advertising services that allow businesses to reach targeted audiences through its television and digital platforms.

Optimum Communications was formerly known as Altice USA, Inc and adopted the Optimum Communications name as part of its broader focus on the Optimum brand.