Share on StockTwits

Cablevision Systems (NYSE:CVC) Insider James Lawrence Dolan unloaded 1,097,500 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $18.20, for a total transaction of $19,974,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Cablevision Systems (NYSE:CVC) traded up 0.17% during mid-day trading on Monday, hitting $18.02. 2,646,720 shares of the company’s stock traded hands. Cablevision Systems has a 1-year low of $14.65 and a 1-year high of $20.42. The stock has a 50-day moving average of $18.3 and a 200-day moving average of $17.28. The company has a market cap of $4.886 billion and a price-to-earnings ratio of 9.10.

Cablevision Systems (NYSE:CVC) last announced its earnings results on Tuesday, August 5th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.17. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts predict that Cablevision Systems will post $0.98 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, August 13th.

A number of research firms have recently commented on CVC. Analysts at Evercore Partners raised their price target on shares of Cablevision Systems from $7.00 to $9.00 in a research note on Friday. Separately, analysts at Citigroup Inc. upgraded shares of Cablevision Systems from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $18.00 price target on the stock, up previously from $17.00. Finally, analysts at Telsey Advisory Group reiterated a “” rating on shares of Cablevision Systems in a research note on Tuesday, August 5th. They now have a $25.00 price target on the stock. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Cablevision Systems has a consensus rating of “Hold” and an average target price of $19.47.

Cablevision Systems Corporation (NYSE:CVC), through its wholly owned subsidiary CSC Holdings, LLC (CSC Holdings, and collectively with Cablevision) and their subsidiaries operates in the United States based on the number of video customers.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.