Ascent Cap Group (ASCMA) Market Valuation Declined While Wallace Capital Management Decreased Stake by $1.60 Million; New England Research & Management Trimmed Its Stake in Jacobs Engineering (JEC) by $718,852

January 14, 2018 - By Peter Erickson

Scott Wallace decreased its stake in Ascent Cap Group Inc (ASCMA) by 53.46% based on its latest 2017Q3 regulatory filing with the SEC. Wallace Capital Management Inc sold 123,332 shares as the company’s stock declined 23.46% while stock markets rallied. The hedge fund run by Scott Wallace held 107,370 shares of the consumer services company at the end of 2017Q3, valued at $1.40M, down from 230,702 at the end of the previous reported quarter. Wallace Capital Management Inc who had been investing in Ascent Cap Group Inc for a number of months, seems to be less bullish one the $130.80M market cap company. The stock increased 0.09% or $0.01 during the last trading session, reaching $10.69. About 53,114 shares traded. Ascent Capital Group, Inc. (NASDAQ:ASCMA) has declined 24.02% since January 14, 2017 and is downtrending. It has underperformed by 40.72% the S&P500.

New England Research & Management Inc decreased its stake in Jacobs Engineering (JEC) by 62.75% based on its latest 2017Q3 regulatory filing with the SEC. New England Research & Management Inc sold 12,394 shares as the company’s stock declined 7.98% while stock markets rallied. The institutional investor held 7,356 shares of the military and government and technical company at the end of 2017Q3, valued at $429,000, down from 19,750 at the end of the previous reported quarter. New England Research & Management Inc who had been investing in Jacobs Engineering for a number of months, seems to be less bullish one the $8.38B market cap company. The stock increased 0.09% or $0.06 during the last trading session, reaching $69.56. About 1.18M shares traded or 48.68% up from the average. Jacobs Engineering Group Inc. (NYSE:JEC) has risen 8.36% since January 14, 2017 and is uptrending. It has underperformed by 8.34% the S&P500.




Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.20, from 0.85 in 2017Q2. It increased, as 27 investors sold JEC shares while 149 reduced holdings. 53 funds opened positions while 131 raised stakes. 97.56 million shares or 2.93% less from 100.50 million shares in 2017Q2 were reported. 32,507 were reported by Victory Mngmt. Utah Retirement invested 0.03% in Jacobs Engineering Group Inc. (NYSE:JEC). Artisan Partners Ltd Partnership has 0.25% invested in Jacobs Engineering Group Inc. (NYSE:JEC) for 2.33 million shares. Price T Rowe Assoc Inc Md reported 593,063 shares. Putnam Investments Limited stated it has 145,578 shares. Sfe Investment Counsel owns 40,609 shares for 0.99% of their portfolio. 1.17M were reported by Aqr Mngmt Ltd. Arizona State Retirement Systems invested in 29,859 shares. First Republic Invest Mngmt holds 0% in Jacobs Engineering Group Inc. (NYSE:JEC) or 4,418 shares. Meeder Asset Management owns 0.09% invested in Jacobs Engineering Group Inc. (NYSE:JEC) for 13,497 shares. Fil Ltd owns 2.25 million shares or 0.38% of their US portfolio. Raymond James & Assoc invested in 0% or 31,510 shares. Alliancebernstein Ltd Partnership accumulated 264,454 shares. Brinker Cap stated it has 22,069 shares or 0.05% of all its holdings. Mariner Wealth reported 4,929 shares.

Among 16 analysts covering Jacobs Engineering Group Inc. (NYSE:JEC), 5 have Buy rating, 0 Sell and 11 Hold. Therefore 31% are positive. Jacobs Engineering Group Inc. had 42 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating by Standpoint Research given on Tuesday, September 1. As per Wednesday, June 29, the company rating was initiated by M Partners. Cowen & Co upgraded the stock to “Outperform” rating in Wednesday, August 5 report. Johnson Rice upgraded the shares of JEC in report on Monday, May 9 to “Accumulate” rating. Argus Research upgraded the stock to “Buy” rating in Friday, June 3 report. On Friday, October 27 the stock rating was maintained by Citigroup with “Neutral”. The rating was initiated by Argus Research with “Hold” on Thursday, April 28. On Wednesday, November 23 the stock rating was maintained by Credit Suisse with “Outperform”. The firm has “Hold” rating given on Thursday, April 14 by Standpoint Research. Robert W. Baird maintained Jacobs Engineering Group Inc. (NYSE:JEC) on Tuesday, November 21 with “Hold” rating.

Analysts await Jacobs Engineering Group Inc. (NYSE:JEC) to report earnings on February, 14. They expect $0.77 EPS, up 13.24% or $0.09 from last year’s $0.68 per share. JEC’s profit will be $92.80 million for 22.58 P/E if the $0.77 EPS becomes a reality. After $0.98 actual EPS reported by Jacobs Engineering Group Inc. for the previous quarter, Wall Street now forecasts -21.43% negative EPS growth.

New England Research & Management Inc, which manages about $167.47 million and $136.48 million US Long portfolio, upped its stake in Crane (NYSE:CR) by 7,350 shares to 15,800 shares, valued at $1.26 million in 2017Q3, according to the filing. It also increased its holding in Franklin Resources (NYSE:BEN) by 10,000 shares in the quarter, for a total of 35,900 shares, and has risen its stake in Maxlinear Inc. (NYSE:MXL).

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.

Wallace Capital Management Inc, which manages about $662.24 million and $623.99M US Long portfolio, upped its stake in Liberty Interactive Corp (NASDAQ:QVCA) by 16,930 shares to 1.20 million shares, valued at $28.21M in 2017Q3, according to the filing. It also increased its holding in Nestle Sa (NSRGY) by 6,710 shares in the quarter, for a total of 63,548 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

Since September 27, 2017, it had 0 insider buys, and 2 sales for $9.49 million activity. Another trade for 2,500 shares valued at $29,828 was sold by Pohl Michael J.

Investors sentiment decreased to 0.67 in 2017 Q3. Its down 0.21, from 0.88 in 2017Q2. It fall, as 11 investors sold ASCMA shares while 28 reduced holdings. 7 funds opened positions while 19 raised stakes. 9.91 million shares or 1.44% more from 9.77 million shares in 2017Q2 were reported. Eagle Capital Ltd Liability Corporation invested 0% in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Wells Fargo & Mn owns 11,815 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement Sys owns 13,004 shares for 0% of their portfolio. Staley Cap Advisers invested 0.3% in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Schwab Charles Invest Management Inc reported 0% of its portfolio in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Meeder Asset Management reported 0% stake. Spark Investment Management Ltd Liability Corporation owns 17,900 shares or 0.01% of their US portfolio. Whittier Tru Com reported 0% stake. Loring Wolcott & Coolidge Fiduciary Advisors Llp Ma reported 0% in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Pnc Ser Group Inc owns 1,483 shares for 0% of their portfolio. California State Teachers Retirement Sys has invested 0% in Ascent Capital Group, Inc. (NASDAQ:ASCMA). D E Shaw And has invested 0% in Ascent Capital Group, Inc. (NASDAQ:ASCMA). 634,759 were reported by Jpmorgan Chase. Highlander Mgmt Lc reported 2 shares. Thrivent Financial For Lutherans invested in 0% or 53,710 shares.

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 had 14 analyst reports since August 12, 2015 according to SRatingsIntel. Imperial Capital upgraded Ascent Capital Group, Inc. (NASDAQ:ASCMA) on Wednesday, November 9 to “Outperform” rating. Imperial Capital maintained Ascent Capital Group, Inc. (NASDAQ:ASCMA) rating on Thursday, November 12. Imperial Capital has “Outperform” rating and $30 target. The rating was downgraded by Imperial Capital on Wednesday, June 22 to “In-Line”. Stifel Nicolaus maintained the shares of ASCMA in report on Thursday, November 2 with “Hold” rating. Imperial Capital maintained Ascent Capital Group, Inc. (NASDAQ:ASCMA) on Thursday, August 11 with “In-Line” rating. The stock of Ascent Capital Group, Inc. (NASDAQ:ASCMA) has “Outperform” rating given on Thursday, May 11 by Imperial Capital. Imperial Capital upgraded Ascent Capital Group, Inc. (NASDAQ:ASCMA) on Friday, November 3 to “Outperform” rating. The rating was downgraded by Imperial Capital on Friday, August 11 to “In-Line”. On Thursday, June 16 the stock rating was initiated by BB&T Capital with “Hold”. Stifel Nicolaus maintained Ascent Capital Group, Inc. (NASDAQ:ASCMA) on Friday, July 21 with “Hold” rating.

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