Optimum Communications (OPTU) 10% Owner Subin Buys $39K of Stock
Key Points
- Neil S Subin, a 10% owner of Optimum Communications, acquired 63,624 shares at $0.61 each, bringing his total holdings to about 21.8 million shares.
- After the trade, Neil S Subin indirectly holds 21,777,316 $OPTU shares, up 0.29% from before the trade.
- The stock recently traded around $0.72, which is significantly below its 52-week high of $2.28, showing a drop of about 68.4%.
- Analysts have a consensus 'hold' rating on the stock, with a mean price target of $1.05, indicating potential upside from current levels.
Get Optimum Communications text alerts
We text you when insiders, Congress, analysts or big funds move on $OPTU.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Optimum Communications, Inc. alert may contain errors. Disclosures
On October 23, 2026, Neil S Subin, a beneficial owner of more than 10% of Optimum Communications, Inc. (NYSE: OPTU), bought 63,624 shares at a price of $0.61 each. This purchase totaled approximately $38,938 and raised his total ownership to about 21.8 million shares. The information comes from a Form 4 filing with the SEC.
Subin's latest transaction adds to his existing stake, which he has been building over time. His ownership now reflects a 0.29% increase in his total shares held after the trade.
OPTU
Optimum Communications, Inc.
Neil S Subin vs. the S&P 500
Hypothetical returns from Neil S Subin's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in Optimum Communications
Milfam LLC increased its position in Optimum Communications by 3,628,380 shares, totaling 19,549,309 shares worth about $14.2 million. Kite Lake Capital Management LLP has 14,100,000 shares after adding 11,610,681 shares, valued at approximately $10.2 million. In contrast, Empyrean Capital Partners, LP reduced its holdings by 10,539,091 shares, leaving it with 14,039,012 shares worth about $10.2 million. BW Gestao de Investimentos Ltda. grew its stake by 6,764,170 shares to 8,395,938 shares valued at around $6.1 million. Lastly, Senator Investment Group, LP added 3,000,000 shares, bringing its total to 8,000,000 shares worth about $5.8 million.
Optimum Communications, Inc. Stock Up 20.8%
The stock of Optimum Communications recently traded around $0.72 as of October 27, 2026. This price is significantly below its 50-day moving average of $0.95 and its 200-day moving average of $1.21, indicating a downward trend. The shares are also about 68.4% lower than their 52-week high of $2.28, but 50.3% above the 52-week low of $0.48.
Recent Earnings
For the trailing twelve months, Optimum Communications reported revenue of approximately $8.38 billion, but it faced a net margin of -58.1%. The company is scheduled to report its next earnings on November 5, 2026.
Insider Buying and Selling at Optimum Communications, Inc.
Earlier this year, General Counsel Michael Olsen sold a total of 60,000 shares across three transactions, with prices ranging from $0.74 to $1.45. Subin previously purchased 3,032,354 shares on August 25, 2026, but no price was reported for that transaction.
Analysts Set New Price Targets
On August 11, 2026, Wells Fargo maintained its 'Underweight' rating on Optimum Communications with a price target of $0.75, down from $1.00. The consensus among analysts is to hold the stock, with a mean price target of $1.05 based on 10 opinions.
About Optimum Communications
Optimum Communications, Inc., based in Long Island City, NY, provides broadband communications and video services under the Optimum brand. They serve customers in the U.S., Canada, Puerto Rico, and the Virgin Islands, offering a range of services including broadband, video, telephony, and mobile services. This recent insider purchase might suggest confidence in the company's future despite current challenges.
Bottom Line
Investors should watch for the upcoming earnings report on November 5, 2026, for more insights into the company's performance. Additionally, keep an eye on further insider trades and institutional activity as they may indicate shifts in sentiment around Optimum Communications.
Related Filing Alerts
Source: Neil S Subin's Form 4 filing on $OPTU (Oct 23, 2026). Written by software, not financial advice. How we make alerts