November 28, 2016 - By Ruchi Gupta
Ascent Capital Group Inc’s insider, Okumus Fund Management Ltd., sold 13,398 shares of stock in the public company. The avg share cost was $19.9, for full trade worth of $266,673 U.S Dollars. Okumus Fund Management Ltd. today has in hand 2.47 million shares which make up around 21.79% of the Colorado-Company’s market capitalization.
Out of 4 analysts covering Ascent Capital Group Inc (NASDAQ:ASCMA), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. $45 is the highest target while $20 is the lowest. The $23.50 average target is 25.87% above today’s ($18.67) stock price. Ascent Capital Group Inc has been the topic of 8 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of Ascent Capital Group Inc (NASDAQ:ASCMA) earned “Outperform” rating by Imperial Capital on Thursday, November 12. The stock of Ascent Capital Group Inc (NASDAQ:ASCMA) has “Outperform” rating given on Wednesday, November 9 by Imperial Capital. The stock has “Sell” rating given by Zacks on Wednesday, September 2. The firm has “Hold” rating by BB&T Capital given on Thursday, June 16. Imperial Capital downgraded the shares of ASCMA in a report on Wednesday, June 22 to “In-Line” rating. The rating was maintained by Imperial Capital with “In-Line” on Thursday, August 11.
Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.21, from 0.79 in 2016Q1. The ratio improved, as 13 funds sold all Ascent Capital Group Inc shares owned while 39 reduced positions. 13 funds bought stakes while 28 increased positions. They now own 9.87 million shares or 6.88% less from 10.60 million shares in 2016Q1.
Barclays Public Limited Company accumulated 0% or 9,609 shares. Tiaa Cref Investment Lc holds 61,617 shares or 0% of its portfolio. New York State Common Retirement Fund owns 12,200 shares or 0% of their US portfolio. The Illinois-based Northern Trust Corp has invested 0% in Ascent Capital Group Inc (NASDAQ:ASCMA). Great West Life Assurance Co Can holds 0% of its portfolio in Ascent Capital Group Inc (NASDAQ:ASCMA) for 803 shares. Staley Cap Advisers holds 0.46% or 285,000 shares in its portfolio. Price T Rowe Inc Md accumulated 59,855 shares or 0% of the stock. Ironwood Invest Management last reported 0.16% of its portfolio in the stock. Glenmede Trust Company Na accumulated 0% or 31 shares. Morgan Stanley accumulated 0% or 70,523 shares. Paloma Prtn has invested 0% of its portfolio in Ascent Capital Group Inc (NASDAQ:ASCMA). Chou Assoc Mgmt owns 340,000 shares or 0.71% of their US portfolio. Winslow Evans Crocker holds 102 shares or 0% of its portfolio. Teton Advisors Incorporated has 0.39% invested in the company for 283,079 shares. Blackrock Invest Management Limited has 47,932 shares for 0% of their US portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 9 sales for $2.51 million net activity. Another trade for 2,500 shares valued at $47,882 was sold by Pohl Michael J. NILES WILLIAM E had sold 3,423 shares worth $65,087 on Thursday, November 10. Shares for $1.85 million were sold by Okumus Fund Management Ltd. 5,407 shares with value of $106,888 were sold by Meyers Michael R on Monday, November 14.
The stock decreased 6.13% or $1.22 during the last trading session, hitting $18.67. About 45,586 shares traded hands. Ascent Capital Group Inc (NASDAQ:ASCMA) has risen 28.65% since April 25, 2016 and is uptrending. It has outperformed by 22.64% the S&P500.
Ascent Capital Group, Inc. is a holding company. The company has a market cap of $235.38 million. The Company’s divisions include Monitronics, LiveWatch and Other Activities. It currently has negative earnings. The Company’s subsidiaries include Monitronics International, Inc. and LiveWatch Security, LLC (LiveWatch).
According to Zacks Investment Research, “Ascent Capital Group, Inc. is a holding company and its assets primarily consist of its wholly-owned subsidiary, Monitronics International, Inc. The Company provides security alarm monitoring and related services to residential and business subscribers throughout the United States and parts of Canada. Monitronics monitors signals arising from burglaries, fires and other events through security systems at subscribers’ premises. Ascent Capital Group, Inc., formerly known as Ascent Media Corporation, is based in Englewood, Colorado.”
Analysts await Ascent Capital Group Inc (NASDAQ:ASCMA) to report earnings on March, 6. After $-1.73 actual earnings per share reported by Ascent Capital Group Inc for the previous quarter, Wall Street now forecasts -9.25% EPS growth.
More recent Ascent Capital Group Inc (NASDAQ:ASCMA) news were published by: Marketwatch.com which released: “Ascent Capital Group Inc. Series A” on January 21, 2011. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Globenewswire.com‘s news article titled: “Ascent Capital Group to Report Third Quarter 2016 Results on November 7, 2016” with publication date: October 26, 2016 was also an interesting one.
Ascent Capital Group, Inc., incorporated on May 29, 2008, is a holding company. The Company’s divisions include Monitronics, LiveWatch and Other Activities. The Company’s subsidiaries include Monitronics International, Inc. (Monitronics) and LiveWatch Security, LLC (LiveWatch). Monitronics provides a range of residential security services, including hands-free two-way interactive voice communication with the monitoring center, cellular options, and an interactive service option, which allows the customer to control their security system remotely using a computer or smart phone. Monitronics performs monitoring services for subscribers located in all 50 states, the District of Columbia, Puerto Rico and Canada.
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By Ruchi Gupta