SCHEDULE 13G: BlackRock Discloses 6.4% Stake in Altice USA Class A Stock

BlackRock, Inc. has reported beneficial ownership of 6.4% of Altice USA, Inc.'s Class A Stock, totaling 18,135,603 shares, as of an event date in June 2025.

Summary

• BlackRock, Inc. reported beneficial ownership of 18,135,603 shares of Altice USA, Inc.'s Class A Stock.
• This represents 6.4% of the total Class A Stock outstanding.
• BlackRock holds sole voting power over 17,565,818 shares and sole dispositive power over 18,135,603 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Altice USA, Inc.
• The filing was made by BlackRock, Inc. as a parent holding company, with various subsidiaries holding beneficial ownership, including BlackRock Investment Management, LLC, which beneficially owns 5% or greater of the outstanding shares.

Sentiment

Score: 6

Explanation: The filing itself is a routine disclosure of passive ownership by a major institutional investor. While neutral in its direct content, the presence of a significant stake by BlackRock can be perceived as a a minor positive signal of institutional confidence in Altice USA, Inc.

Positives

• The disclosure of a significant stake by a major institutional investor like BlackRock can be viewed positively, indicating confidence in Altice USA, Inc.
• BlackRock's certification that the shares are held in the ordinary course of business suggests a passive investment, reducing concerns about potential activist interventions.

Future Outlook

NA

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

Industry Context

This Schedule 13G filing indicates that BlackRock, a global investment management corporation, holds a significant passive stake in Altice USA, Inc., a major telecommunications and broadband provider. Such filings are routine disclosures by institutional investors when their beneficial ownership in a public company's stock exceeds 5%. This type of filing typically signals a long-term, passive investment strategy rather than an intent to influence corporate control, which is common for large asset managers like BlackRock that manage funds across a wide range of public equities.

Comparison to Industry Standards

• This filing is a standard disclosure for institutional investors exceeding the 5% beneficial ownership threshold.
• BlackRock, as one of the world's largest asset managers, routinely files Schedule 13Gs for its various holdings across numerous companies, including those in the telecommunications sector.
• For example, BlackRock also holds significant stakes in other major telecommunications companies such as Comcast Corporation (CMCSA) and Charter Communications, Inc. (CHTR), reflecting its broad market exposure through index funds and actively managed portfolios.
• The 6.4% stake in Altice USA is consistent with the scale of holdings expected from a firm of BlackRock's size and investment strategy.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor's stake may provide a degree of confidence or stability, potentially influencing market perception of the stock.
• Management: The passive nature of the investment, as certified by BlackRock, suggests no immediate intent to influence corporate control, allowing management to continue its current strategic direction without direct pressure from this specific shareholder.

Key Dates

Keywords

BlackRock, Altice USA, Class A Stock, Schedule 13G, Beneficial Ownership, Institutional Investor, Passive Investment, Telecommunications, Cable