Optimum Communications (OPTU) 10% Owner Subin Buys $1.1M of Stock

On October 22, 2026, Neil S Subin, a 10% owner of Optimum Communications, Inc. (NYSE: OPTU), bought 2,164,383 shares at a price of $0.52 each. This purchase is worth about $1.12 million and increases his total holdings to 21,713,692 shares. Subin is not selling any shares but expanding his position in the company.

OPTU Optimum Communications, Inc.

$0.66 ▼ -61.63% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Inside Neil S Subin's Trade

Neil S Subin's purchase of 2,164,383 shares marks an 11.07% increase in his stake. After this transaction, he now holds a total of 21,713,692 shares in Optimum Communications. This move may signal his confidence in the company's future despite current challenges in the market.

Other Institutional Activity in Optimum Communications

Milfam LLC added 3,628,380 shares, bringing its total to 19,549,309 shares valued at about $14.2 million. Kite Lake Capital Management LLP holds 14,100,000 shares after increasing its position by 11,610,681 shares, valued at approximately $10.2 million. Meanwhile, Empyrean Capital Partners, LP decreased its holdings by 10,539,091 shares, ending with 14,039,012 shares worth about $10.2 million.

Optimum Communications, Inc. Stock Up 20.8%

Currently, Optimum Communications trades around $0.72, which is below its 50-day moving average of approximately $0.95 and 40.6% below its 200-day average of about $1.21. The stock is also 68.4% below its 52-week high of $2.28 but remains above its 52-week low of $0.48 by 50.3%. This positioning may affect investor sentiment as the company prepares for its upcoming earnings report.

Recent Earnings

Optimum Communications reported trailing twelve-month revenue of approximately $8.38 billion, with a year-over-year decline of 5.8%. The company's earnings per share (EPS) for the same period was -$10.55. Investors will be watching closely for updates in the next earnings report scheduled for November 5, 2026.

Insider Buying and Selling at Optimum Communications, Inc.

Earlier this year, Neil S Subin also bought 3,032,354 shares on August 25, 2026, which was valued at approximately $2.45 million. Other insiders, like General Counsel Michael Olsen, have sold shares at various prices earlier in the year, but Subin's recent purchases reflect a strategic move to increase his stake in the company.

Analysts Set New Price Targets

On August 11, 2026, Wells Fargo maintained an Underweight rating on Optimum Communications with a price target of $0.75, down from a prior target of $1.00. The consensus among analysts gives the stock a mean price target of $1.05 based on ten opinions.

About Optimum Communications

Optimum Communications, Inc. provides broadband communications and video services under the Optimum brand across the United States, Canada, Puerto Rico, and the Virgin Islands. The company offers a range of services including broadband, video, telephony, and mobile services for both residential and business customers. This recent insider buying could indicate confidence in the company's long-term strategy amid current market challenges.

Bottom Line

Investors should keep an eye on Optimum Communications as it approaches its earnings report on November 5, 2026. Neil S Subin's recent purchase adds to his already significant stake, reflecting his belief in the company's potential. With the stock trading below its moving averages and well below its 52-week high, market conditions will be crucial to watch in the coming weeks.