Optimum Communications Sees Unusually High Options Volume (NYSE:OPTU)

Posted by George Bondi on Jun 3rd, 2026

Optimum Communications, Inc. (NYSE:OPTU – Get Free Report) was the target of unusually large options trading on Tuesday. Stock investors purchased 2,728 put options on the company. This represents an increase of 357% compared to the typical daily volume of 597 put options.

Optimum Communications Price Performance

Shares of OPTU stock remained flat at $1.18 on Tuesday. The stock had a trading volume of 124,670,180 shares, compared to its average volume of 4,434,266. Optimum Communications has a twelve month low of $0.58 and a twelve month high of $2.98. The company has a market capitalization of $559.85 million, a P/E ratio of -0.12 and a beta of 1.37. The company has a 50-day moving average of $1.22 and a 200 day moving average of $1.52.

Analysts Set New Price Targets

OPTU has been the topic of a number of recent research reports. Zacks Research upgraded Optimum Communications from a “strong sell” rating to a “hold” rating in a report on Thursday, April 16th. UBS Group decreased their target price on Optimum Communications from $2.00 to $1.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Barclays decreased their target price on Optimum Communications from $2.00 to $1.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Wall Street Zen cut Optimum Communications from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Benchmark downgraded Optimum Communications from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Six equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $0.95.

Get Our Latest Report on OPTU

Insider Activity

In related news, General Counsel Michael Olsen sold 20,000 shares of Optimum Communications stock in a transaction on Friday, May 1st. The stock was sold at an average price of $1.59, for a total value of $31,800.00. Following the transaction, the general counsel directly owned 1,199,781 shares in the company, valued at $1,907,651.79. The trade was a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 44.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OPTU. Swiss Life Asset Management Ltd purchased a new position in Optimum Communications in the third quarter valued at about $26,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Optimum Communications in the third quarter valued at about $27,000. Cibc World Markets Corp purchased a new position in Optimum Communications in the fourth quarter valued at about $29,000. Voleon Capital Management LP purchased a new position in Optimum Communications in the third quarter valued at about $31,000. Finally, Cidel Asset Management Inc. purchased a new position in Optimum Communications in the first quarter valued at about $32,000. Hedge funds and other institutional investors own 54.85% of the company’s stock.

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.