Trading Report: Today, Ascent Capital Group Inc. (ASCMA) Major Shareholder Sold $266,620.20 in Stock

Today, Ascent Capital Group Inc. (ASCMA) Major Shareholder Sold $266,620.20 in Stock

Ascent Capital Group Inc. (NASDAQ:ASCMA) major shareholder Opportunistic Value Fun Okumus sold 13,398 shares of the business’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $19.90, for a total transaction of $266,620.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Opportunistic Value Fun Okumus also recently made the following trade(s): On Monday, November 21st, Opportunistic Value Fun Okumus sold 92,706 shares of Ascent Capital Group stock. The shares were sold at an average price of $19.95, for a total transaction of $1,849,484.70.

Shares of Ascent Capital Group Inc. (NASDAQ:ASCMA) traded down 6.13% on Monday, reaching $18.67. 45,586 shares of the company traded hands. The stock’s market capitalization is $225.93 million. Ascent Capital Group Inc. has a 1-year low of $7.77 and a 1-year high of $26.16. The company has a 50-day moving average of $20.77 and a 200-day moving average of $19.59.

A number of brokerages have recently issued reports on ASCMA. Zacks Investment Research downgraded shares of Ascent Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 10th. Imperial Capital raised shares of Ascent Capital Group from an “in-line” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Wednesday, November 9th.

Several hedge funds and other institutional investors have recently bought and sold shares of ASCMA. Acrospire Investment Management LLC boosted its position in Ascent Capital Group by 78.2% in the second quarter. Acrospire Investment Management LLC now owns 6,584 shares of the company’s stock worth $101,000 after buying an additional 2,890 shares in the last quarter. BlackRock Advisors LLC boosted its position in Ascent Capital Group by 12.8% in the third quarter. BlackRock Advisors LLC now owns 7,025 shares of the company’s stock worth $163,000 after buying an additional 795 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Ascent Capital Group by 291.7% in the second quarter. Panagora Asset Management Inc. now owns 7,263 shares of the company’s stock worth $112,000 after buying an additional 5,409 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Ascent Capital Group during the third quarter worth about $181,000. Finally, Strs Ohio bought a new position in Ascent Capital Group during the third quarter worth about $191,000. 84.40% of the stock is owned by institutional investors and hedge funds.

Ascent Capital Group Company Profile

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