EVP & CFO of Cablevision Systems Corporation Gregg G. Seibert Sold 154,400 Shares
On Aug. 14, 2012, Executive Vice President and CFO of Cablevision Systems Corporation (CVC) Gregg G. Seibert sold 154,400 shares at an average price of $15.49. The total transaction amount was $2,391,656.
In 2009, Gregg G. Seibert joined Cablevision. Before coming to Cablevision, Seibert worked at Merrill Lynch for two decades serving as senior vice president, vice chairman, and working on various financing and strategic transactions.
On March 1, 2012, Director Rand V. Araskog bought 25,000 shares of CVC stock at the average price of $14.26. Director Vincent Tese sold 7,929 shares of the Company’s stock at the average price of $12.78 on May 11, 2012.
GuruFocus Gurus John Paulson and Ray Dalio bought shares of this Company’s stock. John Paulson bought 2,100,000 shares and Ray Dalio bought 15,908 shares in the quarter ended June 30,2012. Four GuruFocus Gurus left their position in the Company unchanged or slightly adjusted. During the same quarter, George Soros sold out his holdings.
Cablevision Systems Corp. reported their 2012 second quarter results. The company reported net revenues of $1.7 billion and net income of $63.8 million.