Cablevision Systems Corp (CVC): GAMCO Investors Trims Exposure

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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

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Gabelli Funds 2,948,298 2,948,298 2,948,298 1.32%
GAMCO Asset Management Inc. I.D. No. 13-40445 6,340,617 6,688,317 6,688,317 3.01%
Gabelli Securities, Inc. I.D. No. 13-3379374 814,180 814,180 814,180 0.37%
MJG-IV Limited Partnership I.D. No. 13-31918 42,600 42,600 42,600 0.02%
GGCP, Inc. I.D. No. 13-3056041 91,000 91,000 91,000 0.04%
GAMCO Investors, Inc. I.D. No. 13-400786 16,999 16,999 16,999 0.01%
Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) 0.00%
Mario J. Gabelli 129,300 129,300 129,300 0.06%

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Page 1 of 17 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934 (Amendment No. 56)
Cablevision Systems Corporation
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
                                                                                                                  __12686C109_______
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
___________________April 21, 2016_______________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  .

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