Cablevision Systems Corp (CVC): GAMCO Investors Trims Exposure

As revealed in a recent 13D filing with the US Securities and Exchange Commission, Mario Gabelli‘s GAMCO Investors and its affiliates collectively own a total of 10.73 million Class A Common shares of Cablevision Systems Corporation (NYSE:CVC), which amass 4.82% of the company’s outstanding stock.  The stake was reduced from 13.05 million shares, equal to 5.86% of the company’s outstanding stock that the funds reported as holding in aggregate in a March filing.

Cablevision Systems Corporation (NYSE:CVC) is a media and telecommunication company that offers a plethora of professional services in the cable television and high-speed Internet segments. Over the past 12, months the company’s shares have increased by 66.05%.

Among the hedge funds followed by Insider Monkey, 46 reported long positions in Cablevision Systems Corporation (NYSE:CVC) as of the end of the last year, up from 36 funds a quarter earlier. Josh Resnick’s Jericho Capital Asset Management reported the largest stake that was worth $364.6 million. Some other hedge funds that displayed similar interest in this stock are Rob Citrone’s Discovery Capital Management, Frank Brosens’s Taconic Capital and Matthew Halbower’s Pentwater Capital Management.

Other money managers that became bullish on Cablevision Systems and initiated stakes in the company during the fourth quarter consist of Sheetal Duggal’s Thrax Management, Curtis Macnguyen’s Ivory Capital (Investment Mgmt), Richard Driehaus’s Driehaus Capital, Kenneth Mario Garschina’s Mason Capital Management, and Matthew Knauer and Mina Faltas’s Nokota Management.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Page 1 of 17 – SEC Filing