Staley Capital Advisers Inc. Holds Position in Ascent Capital Group, Inc. (ASCMA)

Staley Capital Advisers Inc. Holds Position in Ascent Capital Group, Inc. (ASCMA)

Staley Capital Advisers Inc. continued to hold its stake in shares of Ascent Capital Group, Inc. (NASDAQ:ASCMA) during the third quarter, Holdings Channel reports. The firm owned 285,000 shares of the company’s stock at the end of the third quarter. Staley Capital Advisers Inc. owned approximately 2.31% of Ascent Capital Group worth $6,603,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ASCMA. Menta Capital LLC purchased a new position in shares of Ascent Capital Group during the second quarter valued at about $185,000. Spark Investment Management LLC boosted its position in shares of Ascent Capital Group by 39.2% in the second quarter. Spark Investment Management LLC now owns 63,200 shares of the company’s stock valued at $972,000 after buying an additional 17,800 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Ascent Capital Group during the second quarter valued at about $576,000. Thrivent Financial for Lutherans purchased a new position in shares of Ascent Capital Group during the second quarter valued at about $810,000. Finally, Martingale Asset Management L P purchased a new position in shares of Ascent Capital Group during the second quarter valued at about $267,000. 84.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ascent Capital Group, Inc. (NASDAQ:ASCMA) traded down 0.26% during mid-day trading on Friday, hitting $15.45. The stock had a trading volume of 4,096 shares. Ascent Capital Group, Inc. has a 12-month low of $7.77 and a 12-month high of $26.16. The stock’s 50-day moving average price is $17.06 and its 200-day moving average price is $19.64. The stock’s market capitalization is $186.96 million.

A number of brokerages recently issued reports on ASCMA. Zacks Investment Research cut Ascent Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th. Imperial Capital restated an “outperform” rating and issued a $21.00 target price on shares of Ascent Capital Group in a report on Saturday, January 7th.

In other Ascent Capital Group news, 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael R. Meyers sold 5,407 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $19.77, for a total value of $106,896.39. Following the transaction, the insider now directly owns 50,890 shares in the company, valued at approximately $1,006,095.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,546 shares of company stock worth $2,366,123. Company insiders own 8.65% of the company’s stock.

Ascent Capital Group Company Profile

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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