Ascent Capital Group, Inc. (ASCMA) Reaches $12.13 After 5.00% Up Move; CLP HOLDINGS LTD-ORD (CLPHF) Shorts Down By 28.4%

December 20, 2017 - By Vivian Currie

The stock of Ascent Capital Group, Inc. (NASDAQ:ASCMA) is a huge mover today! The stock increased 2.71% or $0.32 during the last trading session, reaching $12.13. About 97,561 shares traded or 22.86% up from the average. Ascent Capital Group, Inc. (NASDAQ:ASCMA) has declined 24.02% since December 20, 2016 and is downtrending. It has underperformed by 40.72% the S&P500.The move comes after 6 months positive chart setup for the $148.77M company. It was reported on Dec, 20 by Barchart.com. We have $12.74 PT which if reached, will make NASDAQ:ASCMA worth $7.44 million more.

CLP HOLDINGS LTD-ORD (OTCMKTS:CLPHF) had a decrease of 28.4% in short interest. CLPHF’s SI was 1.92 million shares in December as released by FINRA. Its down 28.4% from 2.68M shares previously. With 1,100 avg volume, 1745 days are for CLP HOLDINGS LTD-ORD (OTCMKTS:CLPHF)’s short sellers to cover CLPHF’s short positions. The stock increased 0.24% or $0.03 during the last trading session, reaching $10.27. About 3,961 shares traded. CLP Holdings Limited (OTCMKTS:CLPHF) has 0.00% since December 20, 2016 and is . It has underperformed by 16.70% the S&P500.

CLP Holdings Limited, an investment holding company, invests in, generates, transmits, and distributes electricity in Hong Kong, Mainland China, India, Southeast Asia, Taiwan, and Australia. The company has market cap of $25.88 billion. It generates electricity through coal, oil, gas, nuclear, wind, hydro, and solar power plants. It has a 16.22 P/E ratio. The firm is also involved in the provision of pumped storage and engineering services; retail of electricity and gas; property investment; and research and development activities.

Analysts await Ascent Capital Group, Inc. (NASDAQ:ASCMA) to report earnings on February, 27. They expect $-2.22 earnings per share, down 47.02% or $0.71 from last year’s $-1.51 per share. After $-2.39 actual earnings per share reported by Ascent Capital Group, Inc. for the previous quarter, Wall Street now forecasts -7.11% EPS growth.

Among 5 analysts covering Ascent Capital Group Inc (NASDAQ:ASCMA), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. Ascent Capital Group Inc has $45 highest and $1400 lowest target. $15’s average target is 23.66% above currents $12.13 stock price. Ascent Capital Group Inc had 14 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was downgraded by Imperial Capital to “In-Line” on Friday, August 11. On Thursday, August 11 the stock rating was maintained by Imperial Capital with “In-Line”. The firm earned “Hold” rating on Thursday, November 2 by Stifel Nicolaus. As per Wednesday, August 9, the company rating was maintained by Piper Jaffray. As per Friday, July 21, the company rating was maintained by Stifel Nicolaus. BB&T Capital initiated the stock with “Hold” rating in Thursday, June 16 report. The company was upgraded on Friday, November 3 by Imperial Capital. The firm earned “Outperform” rating on Wednesday, November 9 by Imperial Capital. Imperial Capital maintained the shares of ASCMA in report on Thursday, May 11 with “Outperform” rating. Imperial Capital downgraded the stock to “In-Line” rating in Wednesday, June 22 report.

Ascent Capital Group, Inc., through its subsidiary, Monitronics International, Inc., provides security alarm monitoring and related services to residential and business subscribers in the United States and Canada. The company has market cap of $148.77 million. The firm provides monitoring services for alarm signals arising from burglaries, fires, medical alerts, and other events through security systems at customers' premises. It currently has negative earnings. It also offers home automation services, including remote activation and control of security systems, support for video monitoring, flood sensors, automated garage door and door lock capabilities, and thermostat integration; hands-free two-way interactive voice communication between its monitoring center and customers; and customer service and technical support related to home monitoring systems and HomeTouch.

Since September 27, 2017, it had 0 insider purchases, and 2 sales for $9.49 million activity. 860,000 shares valued at $9.46 million were sold by Brigade Leveraged Capital Structures Fund Ltd. on Monday, December 11. Pohl Michael J sold $29,828 worth of stock or 2,500 shares.

Investors sentiment decreased to 0.67 in Q2 2017. Its down 0.21, from 0.88 in 2017Q1. It is negative, as 11 investors sold Ascent Capital Group, Inc. shares while 30 reduced holdings. 9 funds opened positions while 27 raised stakes. 9.77 million shares or 0.29% more from 9.75 million shares in 2017Q1 were reported. Bank & Trust Of Montreal Can invested 0% of its portfolio in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Meeder Asset holds 492 shares. Jpmorgan Chase Company reported 0% in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Wells Fargo Mn invested in 0% or 7,087 shares. Wallace Capital holds 0.57% or 230,702 shares. California State Teachers Retirement holds 0% or 19,498 shares in its portfolio. Prelude Mgmt Lc reported 0.01% stake. Acadian Asset Mgmt Ltd Co owns 16,253 shares. Strs Ohio owns 41,000 shares or 0% of their US portfolio. Glenmede Tru Co Na reported 26 shares or 0% of all its holdings. Morgan Stanley has invested 0% in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Geode Cap Mngmt Limited Liability Company invested 0% of its portfolio in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Goldman Sachs Group reported 17,797 shares stake. Rhumbline Advisers stated it has 0% in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Connor Clark & Lunn Inv Ltd reported 72,267 shares.

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