SCHEDULE: Empyrean Capital Boosts Altice USA Stake to 8.1%
Beneficial Ownership Report
Empyrean Capital Partners and Amos Meron have reported beneficial ownership of 8.1% of Altice USA, Inc.'s Class A Common Stock.
Summary
- Empyrean Capital Partners, LP and Amos Meron, collectively the Reporting Persons, beneficially own 23,100,000 shares of Altice USA, Inc.'s Class A Common Stock.
- This ownership represents 8.1% of the Class A Common Stock outstanding.
- The shares are held with shared voting power and shared dispositive power for all 23,100,000 shares.
- The percentage is calculated based on 283,502,205 shares of Class A Common Stock outstanding as of March 31, 2025, as reported in Altice USA's Form 10-Q.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.
Sentiment
Score: 5
Explanation: The filing is a factual report of beneficial ownership and does not contain subjective language or performance metrics that would indicate a positive or negative sentiment. It is neutral.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment by Empyrean Capital Partners in Altice USA, a major player in the U.S. cable and broadband industry. Such a substantial stake by an investment firm can signal confidence in the company's long-term prospects or a strategic position for potential future engagement, though the filing explicitly states the holding is not for control purposes.
Comparison to Industry Standards
- NA
Stakeholder Impact
- Shareholders: The disclosure of a significant beneficial ownership stake by an institutional investor like Empyrean Capital Partners may be viewed positively by other shareholders as a sign of investor confidence or potential future advocacy for shareholder value, although the filing states the purpose is not to influence control.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2025-03-31 | Date of Class A Common Stock outstanding calculation (283,502,205 shares) as reported in Altice USA's Form 10-Q. |
| 2025-05-08 | Date Altice USA's Quarterly Report on Form 10-Q for the period ended March 31, 2025, was filed with the SEC. |
| 2025-06-30 | Date of event which required the filing of this statement. |
| 2025-08-14 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
Altice USA, Empyrean Capital, Beneficial Ownership, Class A Common Stock, SEC Filing, Investment Management, Cable, Telecommunications
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