Thrivent Financial For Lutherans Continues to Hold Position in Ascent Capital Group, Inc. (ASCMA)
Thrivent Financial For Lutherans maintained its stake in Ascent Capital Group, Inc. (NASDAQ:ASCMA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,620 shares of the industrial products company’s stock at the end of the first quarter. Thrivent Financial For Lutherans’ holdings in Ascent Capital Group were worth $744,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Ascent Capital Group during the first quarter valued at approximately $123,000. A.R.T. Advisors LLC acquired a new stake in Ascent Capital Group during the fourth quarter worth $214,000. Nine Chapters Capital Management LLC increased its stake in Ascent Capital Group by 56.2% in the first quarter. Nine Chapters Capital Management LLC now owns 18,900 shares of the industrial products company’s stock worth $267,000 after buying an additional 6,800 shares in the last quarter. First Manhattan Co. increased its stake in Ascent Capital Group by 14.5% in the first quarter. First Manhattan Co. now owns 14,566 shares of the industrial products company’s stock worth $337,000 after buying an additional 1,842 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in Ascent Capital Group by 21.7% in the fourth quarter. Teachers Advisors LLC now owns 21,381 shares of the industrial products company’s stock worth $348,000 after buying an additional 3,808 shares in the last quarter. Institutional investors and hedge funds own 82.33% of the company’s stock.
Ascent Capital Group, Inc. (NASDAQ ASCMA) traded up 3.79% during trading on Tuesday, reaching $16.45. 61,660 shares of the company’s stock traded hands. The firm’s market cap is $199.60 million. Ascent Capital Group, Inc. has a one year low of $11.55 and a one year high of $26.16. The company has a 50 day moving average of $16.20 and a 200 day moving average of $14.99.
Ascent Capital Group (NASDAQ:ASCMA) last issued its quarterly earnings results on Tuesday, May 9th. The industrial products company reported ($1.56) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.61) by $0.05. Ascent Capital Group had a negative return on equity of 33.84% and a negative net margin of 15.29%. The business had revenue of $141.20 million for the quarter, compared to analyst estimates of $142.20 million. Equities research analysts predict that Ascent Capital Group, Inc. will post ($7.24) EPS for the current year.
ASCMA has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Ascent Capital Group from a “hold” rating to a “sell” rating in a research report on Friday, May 12th. Imperial Capital cut their price objective on shares of Ascent Capital Group from $21.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, May 11th. Finally, ValuEngine downgraded shares of Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday.
In other news, major shareholder Okumus Fund Management Ltd. sold 2,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $17.11, for a total transaction of $34,220.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Opportunistic Value Fun Okumus sold 150,000 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $17.00, for a total value of $2,550,000.00. The disclosure for this sale can be found here. Insiders have sold 158,600 shares of company stock worth $2,697,278 in the last 90 days. Insiders own 8.65% of the company’s stock.
About Ascent Capital Group
Ascent Capital Group, Inc is a holding company. The Company’s subsidiaries include Monitronics International, Inc (MONI) and LiveWatch Security, LLC (LiveWatch). The Company’s segments include MONI, LiveWatch and Other Activities. The MONI segment is primarily engaged in the business of providing security alarm monitoring services: monitoring signals arising from burglaries, fires, medical alerts and other events through security systems at subscribers’ premises, as well as providing customer service and technical support.
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