The Alambic Investment Management L.P. Sells 28,960 Shares of Ascent Capital Group, Inc. (ASCMA)

The Alambic Investment Management L.P. Sells 28,960 Shares of Ascent Capital Group, Inc. (ASCMA)

Alambic Investment Management L.P. lowered its stake in Ascent Capital Group, Inc. (NASDAQ:ASCMA) by 61.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,937 shares of the company’s stock after selling 28,960 shares during the period. Alambic Investment Management L.P. owned 0.15% of Ascent Capital Group worth $416,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ASCMA. Acadian Asset Management LLC raised its stake in Ascent Capital Group by 4.9% in the second quarter. Acadian Asset Management LLC now owns 13,210 shares of the company’s stock valued at $203,000 after buying an additional 614 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in Ascent Capital Group during the second quarter valued at approximately $801,000. California Public Employees Retirement System raised its stake in Ascent Capital Group by 15.2% in the second quarter. California Public Employees Retirement System now owns 104,400 shares of the company’s stock valued at $1,607,000 after buying an additional 13,800 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Ascent Capital Group by 6.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 18,198 shares of the company’s stock valued at $280,000 after buying an additional 1,043 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Ascent Capital Group by 32.7% in the second quarter. JPMorgan Chase & Co. now owns 630,928 shares of the company’s stock valued at $9,710,000 after buying an additional 155,410 shares during the period. Institutional investors own 84.07% of the company’s stock.

Ascent Capital Group, Inc. (NASDAQ:ASCMA) traded up 1.84% during trading on Wednesday, hitting $16.05. 40,288 shares of the stock traded hands. The company’s 50 day moving average price is $17.34 and its 200-day moving average price is $19.66. Ascent Capital Group, Inc. has a 52-week low of $7.77 and a 52-week high of $26.16. The stock’s market cap is $194.22 million.

Several brokerages have recently issued reports on ASCMA. Zacks Investment Research upgraded shares of Ascent Capital Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Imperial Capital reiterated an “outperform” rating and issued a $21.00 target price on shares of Ascent Capital Group in a research report on Saturday, January 7th.

In other Ascent Capital Group news, Director Michael J. Pohl sold 2,000 shares of the company’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $17.97, for a total transaction of $35,940.00. Following the completion of the transaction, the director now owns 13,260 shares in the company, valued at approximately $238,282.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Opportunistic Value Fun Okumus sold 92,706 shares of the company’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $19.95, for a total transaction of $1,849,484.70. The disclosure for this sale can be found here. Company insiders own 8.65% of the company’s stock.

About Ascent Capital Group

Ascent Capital Group, Inc is a holding company. The Company’s segments 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.

Want to see what other hedge funds are holding ASCMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ascent Capital Group, Inc. (NASDAQ:ASCMA).

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