Ascent Capital Group, Inc. (ASCMA) Shares Sold by Morgan Stanley

Morgan Stanley decreased its position in Ascent Capital Group, Inc. (NASDAQ:ASCMA) by 24.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 76,524 shares of the industrial products company’s stock after selling 25,336 shares during the period. Morgan Stanley’s holdings in Ascent Capital Group were worth $1,081,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Ascent Capital Group by 5.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 883,229 shares of the industrial products company’s stock valued at $12,480,000 after acquiring an additional 44,391 shares in the last quarter. Vanguard Group Inc. lifted its position in Ascent Capital Group by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 447,733 shares of the industrial products company’s stock valued at $6,326,000 after acquiring an additional 9,468 shares in the last quarter. Geode Capital Management LLC lifted its position in Ascent Capital Group by 3.9% in the 1st quarter. Geode Capital Management LLC now owns 89,937 shares of the industrial products company’s stock valued at $1,270,000 after acquiring an additional 3,415 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Ascent Capital Group by 4.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 59,736 shares of the industrial products company’s stock valued at $844,000 after acquiring an additional 2,546 shares in the last quarter. Finally, Alambic Investment Management L.P. lifted its position in Ascent Capital Group by 29.4% in the 1st quarter. Alambic Investment Management L.P. now owns 58,747 shares of the industrial products company’s stock valued at $830,000 after acquiring an additional 13,331 shares in the last quarter. 82.23% of the stock is owned by institutional investors.

Ascent Capital Group, Inc. (NASDAQ ASCMA) traded up 2.02% during midday trading on Friday, reaching $9.59. 37,941 shares of the company traded hands. Ascent Capital Group, Inc. has a 12-month low of $8.87 and a 12-month high of $24.75. The stock’s market capitalization is $116.69 million. The company has a 50 day moving average of $13.29 and a 200-day moving average of $14.21.

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

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Several equities research analysts recently commented on the stock. 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. ValuEngine cut shares of Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday, August 7th. Zacks Investment Research cut shares of Ascent Capital Group from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Piper Jaffray Companies set a $14.00 price objective on shares of Ascent Capital Group and gave the company a “hold” rating in a research report on Thursday, August 10th.

In related news, major shareholder Okumus Fund Management Ltd. sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $17.11, for a total transaction of $34,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Opportunistic Value Fun Okumus sold 6,600 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $17.13, for a total transaction of $113,058.00. The disclosure for this sale can be found here. In the last three months, insiders sold 158,600 shares of company stock worth $2,697,278. Insiders own 8.65% of the company’s stock.

Ascent Capital Group Profile

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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