According to a document filed with the Securities and Exchange Commission yesterday, T. Rowe Price has increased its shares in Cablevision Systems’ stock.
Currently, T. Rowe Price owns about 24.5 million shares of Cablevision’s Class A Common stock, which is up from the 14.1 million shares it owned at the end of September.
Earlier this year, T. Rowe Price – along with other institutional holders in Cablevision’s stock, including Gamco Investors – opposed the Dolan family’s efforts to buy back the rest of the cable company’s common stock. On Oct. 24, the Dolans’ bid to take the company private was rejected during a shareholders meeting at Cablevision’s Bethpage, N.Y., headquarters.
