Cablevision Systems Co. (CVC) Bond Prices Rise 1.3%
An issue of Cablevision Systems Co. (NYSE:CVC) debt rose 1.3% against its face value during trading on Tuesday. The high-yield debt issue has a 8% coupon and will mature on April 15, 2020. The debt is now trading at $108.00 and was trading at $106.25 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its share price.
Cablevision Systems Co. (NYSE:CVC) opened at 34.87 on Thursday. The firm has a 50-day moving average price of $34.87 and a 200-day moving average price of $34.83. Cablevision Systems Co. has a 52-week low of $29.07 and a 52-week high of $34.91.
A hedge fund recently raised its stake in Cablevision Systems stock. DNB Asset Management AS increased its position in Cablevision Systems Co. (NYSE:CVC) by 47.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,900 shares of the company’s stock after buying an additional 5,462 shares during the period. DNB Asset Management AS’s holdings in Cablevision Systems were worth $590,000 at the end of the most recent quarter.
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Cablevision Systems Company Profile
Cablevision Systems Corporation (Cablevision), through its subsidiary, CSC Holdings, LLC (CSC Holdings), operates cable operations business in the United States. The Company operates in three segments: Cable, Lightpath and Other. The Company’s Cable segment offers Cable television service, which delivers multiple channels of video programming to subscribers who pay a monthly fee for the services they receive.
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