As per a new 13D filing with the SEC, billionaire Mario Gabelli‘s GAMCO Investors‘ stake in Ascent Capital Group Inc. (NASDAQ:ASCMA) has been lowered, as the fund, together with its affiliates, holds 1.33 million Series A shares, which amass 11.10% of the float. Out of the aggregate amount, GAMCO solely owns 868,272 Series A shares or 7.27% of the company’s outstanding stock, compared to its previous stake in the company which consisted of 933,568 shares, according to GAMCO’s 13F filing for the end-of-June reporting period.
Ascent Capital Group is a holding company that operates in these sectors: LiveWatch, Monitronics, and Other Activities. Year-to-date, the company’s stock is up by 26.67%. For the second quarter of 2016, the company reported a loss per share from continuing operations of $1.80 and revenue of $143.66 million, compared to a loss per share of $1.41 and revenue of $141.54 million for the same quarter of the prior year.
Out of the 749 investors tracked by Insider Monkey which filed 13Fs for the June quarter, 12 smart money managers were bullish on Ascent Capital Group (NASDAQ:ASCMA), up by three from the previous reporting period. Among smart money managers who reported long positions in the company were Ahmet Okumus’ Okumus Fund Management, with a position valued at $19.85 million, Jim Simons’ Renaissance Technologies, which held a position worth around $10.25 million, Don Morgan’s Brigade Capital, and Gavin Saitowitz and Cisco J. Del Valle’s Springbok Capital.
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|GAMCO Asset Management Inc. I.D. No. 13-40445||694,445||868,272||868,272||7.27%|
|Teton Advisors, Inc. I.D. No. 13-4008049||264,900||264,900||264,900||2.22%|
|GGCP, Inc. I.D. No. 13-3056041||0.00%|
|GAMCO Investors, Inc. I.D. No. 13-400786||0.00%|
|Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b)||0.00%|
|Mario J. Gabelli||456||456||456||0.00%|