13GD Report: Learn Why Mario Gabelli’s Gamco Investors, Inc Et Al Just Purchased Ascent Capital Group, Inc Stake?

13GD Report: Learn Why Mario Gabelli's Gamco Investors, Inc Et Al Just Purchased Ascent Capital Group, Inc Stake?

The New Mario Gabelli’s Gamco Investors, Inc Et Al Holding in Ascent Capital Group, Inc

Gamco Investors, Inc Et Al filed with the SEC SC 13D/A form for Ascent Capital Group, Inc. The form can be accessed here: 000080724916000494. As reported in Mario Gabelli’s Gamco Investors, Inc Et Al’s form, the filler as of late owns 6.44% or 769,345 shares of the Industrials–company.

Ascent Capital Group, Inc stake is a new one for the for the hedge fund and it was filed because of activity on November 29, 2016. We feel this shows Mario Gabelli’s Gamco Investors, Inc Et Al’s positive view for the stock.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mario Gabelli’s Gamco Investors, Inc Et Al’s US equities portfolio is in this sector.

Ascent Capital Group, Inc Institutional Sentiment

Latest Security and Exchange filings show 105 investors own Ascent Capital Group, Inc. The institutional ownership in Q3 2015 is high, at 168.81% of the outstanding shares. This is increased by 8571776 the total institutional shares. 20155870 were the shares owned by these institutional investors. In total 6 funds opened new Ascent Capital Group, Inc stakes, 36 increased stakes. There were 17 that closed positions and 41 reduced them.

Scott Sinclair And Laurence Chang Cascabel Management Lp is an institutional investor bullish on Ascent Capital Group, Inc, owning 1000 shares as of Q3 2015 for 0.41% of its portfolio. Scott Wallace Wallace Capital Management Inc owns 432753 shares or 2.17% of its portfolio. VA Vnbtrust National Association have 2.29% of their stock portfolio for 146740 shares. Further, Chou Associates Management Inc reported stake worth 2.98% of its US stock portfolio. The NY Okumus Fund Management Ltd owns 1289727 shares. Ascent Capital Group, Inc is 4.62% of the manager’s US portfolio.

Business 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. Monitronics performs monitoring services for subscribers located in all 50 states, the District of Columbia, Puerto Rico and Canada. LiveWatch is a do-it-yourself (DIY) home security provider offering professionally monitored security services through a direct-to-consumer sales channel. LiveWatch offers a differentiated go-to-market strategy through direct response television, Internet and radio advertising.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment increased to 1 in 2016 Q2. Its up 0.21, from 0.79 in 2016Q1. The ratio increased, as 13 funds sold all Ascent Capital Group Inc shares owned while 39 reduced positions. 13 funds bought stakes while 28 increased positions. They now own 9.87 million shares or 6.88% less from 10.60 million shares in 2016Q1.

The New York-based Community National Bank Na has invested 0% in Ascent Capital Group Inc (NASDAQ:ASCMA). M&R Mngmt holds 0% or 67 shares in its portfolio. Paloma Prtn Management Company accumulated 0% or 16,195 shares. Nationwide Fund Advsrs last reported 48,474 shares in the company. Numeric Investors Llc owns 35,838 shares or 0% of their US portfolio. Tower Rech Capital Ltd Com (Trc) has 1,427 shares for 0% of their US portfolio. Teachers Advsrs holds 17,573 shares or 0% of its portfolio. Winslow Evans Crocker Inc accumulated 102 shares or 0% of the stock. Blackrock Group Ltd holds 11,840 shares or 0% of its portfolio. Renaissance Technology Ltd Limited Liability Company holds 666,200 shares or 0.02% of its portfolio. Barclays Plc holds 0% or 9,609 shares in its portfolio. Goldman Sachs Group Inc Inc accumulated 0% or 44,011 shares. Brigade Limited Partnership reported 140,000 shares or 0.34% of all its holdings. Blackrock Management Ltd Limited Liability Company holds 47,932 shares or 0% of its portfolio. Deutsche Natl Bank Ag, a Germany-based fund reported 12,538 shares.

Insider Transactions: Since July 1, 2016, the stock had 0 insider buys, and 10 sales for $2.78 million net activity. Another trade for 1,500 shares valued at $23,514 was sold by NILES WILLIAM E. Okumus Fund Management Ltd. had sold 92,706 shares worth $1.85 million on Thursday, November 17. $47,882 worth of Ascent Capital Group Inc (NASDAQ:ASCMA) was sold by Pohl Michael J on Thursday, November 10. 5,407 shares were sold by Meyers Michael R, worth $106,888 on Monday, November 14.

Analysts await Ascent Capital Group Inc (NASDAQ:ASCMA) to report earnings on March, 6. After $-1.73 actual earnings per share reported by Ascent Capital Group Inc for the previous quarter, Wall Street now forecasts -9.25% EPS growth.

About 16,807 shares traded hands. Ascent Capital Group Inc (NASDAQ:ASCMA) has risen 14.15% since April 28, 2016 and is uptrending. It has outperformed by 8.22% the S&P500.

Ascent Capital Group, Inc. is a holding company. The company has a market cap of $225.62 million. The Company’s divisions include Monitronics, LiveWatch and Other Activities. It currently has negative earnings. The Company’s subsidiaries include Monitronics International, Inc. and LiveWatch Security, LLC (LiveWatch).

Ascent Capital Group Inc (NASDAQ:ASCMA) Ratings Coverage

Out of 4 analysts covering Ascent Capital Group Inc (NASDAQ:ASCMA), 2 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 50% are positive. $45 is the highest target while $20 is the lowest. The $23.50 average target is 35.68% above today’s ($17.32) stock price. Ascent Capital Group Inc has been the topic of 8 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Thursday, November 12 the stock rating was maintained by Imperial Capital with “Outperform”. The company was downgraded on Wednesday, June 22 by Imperial Capital. The firm has “Outperform” rating given on Wednesday, November 9 by Imperial Capital. The firm earned “Sell” rating on Wednesday, September 2 by Zacks. As per Thursday, June 16, the company rating was initiated by BB&T Capital. The company was maintained on Thursday, August 11 by Imperial Capital.

More recent Ascent Capital Group Inc (NASDAQ:ASCMA) news were published by: Marketwatch.com which released: “Ascent Capital Group Inc. Series A” on January 21, 2011. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Globenewswire.com‘s news article titled: “Ascent Capital Group to Report Third Quarter 2016 Results on November 7, 2016” with publication date: October 26, 2016 was also an interesting one.

According to Zacks Investment Research, “Ascent Capital Group, Inc. is a holding company and its assets primarily consist of its wholly-owned subsidiary, Monitronics International, Inc. The Company provides security alarm monitoring and related services to residential and business subscribers throughout the United States and parts of Canada. Monitronics monitors signals arising from burglaries, fires and other events through security systems at subscribers’ premises. Ascent Capital Group, Inc., formerly known as Ascent Media Corporation, is based in Englewood, Colorado.”

ASCMA Company Profile

Ascent Capital Group, Inc., incorporated on May 29, 2008, is a holding company. The Company’s divisions 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. Monitronics performs monitoring services for subscribers located in all 50 states, the District of Columbia, Puerto Rico and Canada.

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