SCHEDULE: Vanguard Group Discloses 9.43% Stake in Altice USA

The Vanguard Group has reported a 9.43% beneficial ownership stake in Altice USA Inc., holding over 26.7 million shares of common stock.

Summary

• The Vanguard Group, an investment adviser based in Pennsylvania, has filed an Amendment No. 6 to its Schedule 13G regarding Altice USA Inc. common stock.
• Vanguard beneficially owns an aggregate of 26,753,670 shares of Altice USA Inc. common stock.
• This ownership represents 9.43% of the class of securities.
• Vanguard holds sole voting power over 0 shares, shared voting power over 184,531 shares, sole dispositive power over 26,319,718 shares, and shared dispositive power over 433,952 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Altice USA Inc.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by a large institutional investor, indicating a neutral sentiment as it does not convey operational performance or strategic changes.

Future Outlook

NA

Industry Context

This filing indicates a significant passive investment by a major institutional asset manager in a telecommunications and media company. Such large holdings by index funds or broad market funds are common and reflect the company's inclusion in various investment benchmarks.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder like Vanguard can provide a degree of stability and confidence, as it indicates a large, long-term, passive investment in the company.

Key Dates

Keywords

Altice USA Inc., Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Passive Investment