SCHEDULE 13G/A: Barclays PLC Discloses 6.95% Passive Stake in Altice USA

Barclays PLC has reported a passive beneficial ownership of 6.95% in Altice USA Inc.'s common stock, totaling 19,275,919 shares, as of December 31, 2024.

Summary

• Barclays PLC, a UK-based entity, filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Altice USA Inc.
• As of December 31, 2024, Barclays PLC beneficially owns 19,275,919 shares of Altice USA Inc.'s common stock.
• This ownership represents 6.95% of the total class of securities.
• Barclays PLC holds sole voting power and sole dispositive power over all 19,275,919 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Altice USA.
• The filing was made by Barclays PLC as a parent holding company, with relevant subsidiaries identified as Barclays Bank PLC, Barclays Capital Inc, and Barclays Capital Securities Ltd.

Sentiment

Score: 6

Explanation: The filing is a standard beneficial ownership disclosure, indicating a significant passive stake by a major financial institution. This is generally a neutral to slightly positive signal of institutional interest, but does not provide new operational or financial performance data.

Positives

• Barclays PLC, a major global financial institution, holds a significant passive stake, which can be interpreted as a vote of confidence in Altice USA's long-term prospects by a large institutional investor.

Negatives

• No specific negative information regarding Altice USA's operational performance, financial health, or strategic outlook is contained within this ownership disclosure.

Risks

• The document does not detail specific operational or financial risks related to Altice USA.
• Barclays PLC certifies that its stake is passive and not intended to influence control, mitigating immediate corporate governance risks from this specific filing.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Altice USA's future performance or strategic outlook.

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 filing primarily concerns an institutional ownership disclosure and does not provide specific analysis of broader industry trends for the telecommunications sector or Altice USA's competitive position within it.

Comparison to Industry Standards

• This filing is an ownership disclosure and does not contain information for comparison to industry-specific financial or operational benchmarks, nor does it reference comparable companies or projects.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional holder, potentially signaling confidence in the company's stock.
• Management: Awareness of a large passive investor holding a substantial stake in the company.

Next Steps

• The document does not specify future actions or milestones for Altice USA or Barclays PLC beyond the ongoing passive investment.

Key Dates

Keywords

Altice USA, Barclays PLC, Schedule 13G, beneficial ownership, common stock, institutional investment, passive stake, equity holding