Cablevision Systems Insider Sells $75,305 in Stock (CVC)
Cablevision Systems (NYSE:CVC) Insider Patrick Francis Dolan unloaded 4,115 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $18.30, for a total transaction of $75,304.50. Following the completion of the sale, the insider now directly owns 203,279 shares in the company, valued at approximately $3,720,006. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Cablevision Systems (NYSE:CVC) traded down 0.11% on Thursday, hitting $18.29. The stock had a trading volume of 1,791,272 shares. Cablevision Systems has a one year low of $14.65 and a one year high of $20.42. The stock has a 50-day moving average of $18.50 and a 200-day moving average of $17.46. The company has a market cap of $4.959 billion and a P/E ratio of 9.27.
Cablevision Systems (NYSE:CVC) last released its earnings data on Tuesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Cablevision Systems will post $1.05 EPS 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 3.28%. The ex-dividend date of this dividend is Wednesday, August 13th.
A number of analysts have recently weighed in on CVC shares. 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, August 8th. 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.09.
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.