Gamco Investors INC. ET AL lowered its position in Ascent Capital Group, Inc. (NASDAQ:ASCMA) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 718,201 shares of the industrial products company’s stock after selling 23,236 shares during the period. Gamco Investors INC. ET AL owned approximately 5.92% of Ascent Capital Group worth $11,032,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in Ascent Capital Group by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 56,060 shares of the industrial products company’s stock worth $862,000 after buying an additional 687 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Ascent Capital Group by 103.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 86,938 shares of the industrial products company’s stock worth $1,336,000 after buying an additional 44,153 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in Ascent Capital Group during the second quarter worth about $159,000. Strs Ohio raised its stake in Ascent Capital Group by 1.7% in the second quarter. Strs Ohio now owns 41,000 shares of the industrial products company’s stock worth $629,000 after buying an additional 700 shares during the last quarter. Finally, First Quadrant L P CA acquired a new stake in Ascent Capital Group during the second quarter worth about $270,000. 82.09% of the stock is owned by institutional investors and hedge funds.

Shares of Ascent Capital Group, Inc. (ASCMA) opened at 10.83 on Tuesday. The stock’s market cap is $131.78 million. Ascent Capital Group, Inc. has a one year low of $10.70 and a one year high of $26.16. The company has a 50 day moving average of $15.44 and a 200-day moving average of $14.74.

Ascent Capital Group (NASDAQ:ASCMA) last posted its quarterly earnings results on Wednesday, August 9th. The industrial products company reported ($3.58) EPS for the quarter, missing the consensus estimate of ($1.90) by $1.68. The business had revenue of $140.50 million during the quarter, compared to analysts’ expectations of $142.68 million. Ascent Capital Group had a negative net margin of 19.15% and a negative return on equity of 46.93%. On average, analysts anticipate that Ascent Capital Group, Inc. will post ($9.68) earnings per share for the current year.

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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Ascent Capital Group from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Imperial Capital lowered shares of Ascent Capital Group from an “outperform” rating to an “in-line” rating and dropped their target price for the stock from $17.00 to $13.50 in a report on Friday, August 11th. Piper Jaffray Companies set a $14.00 target price on shares of Ascent Capital Group and gave the stock a “hold” rating in a report on Thursday, August 10th. Finally, ValuEngine lowered shares of Ascent Capital Group from a “sell” rating to a “strong sell” rating in a report on Monday, August 7th.

In other news, major shareholder Opportunistic Value Fun Okumus sold 6,600 shares of Ascent Capital Group stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $17.13, for a total value of $113,058.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Okumus Fund Management Ltd. sold 2,000 shares of Ascent Capital Group stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $17.11, for a total value of $34,220.00. The disclosure for this sale can be found here. Insiders sold a total of 158,600 shares of company stock valued at $2,697,278 in the last 90 days. 8.65% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Ascent Capital Group (NASDAQ:ASCMA)

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