Okumus Fund Management LTD Cut Holding in Ascent Cap Group (ASCMA) as Shares Declined; As Paychex (PAYX) Shares Declined, Ls Investment Advisors Cut by $338,368 Its Stake

April 19, 2018 - By Linda Rogers

Paychex, Inc. (NASDAQ:PAYX) Logo

Ls Investment Advisors Llc decreased its stake in Paychex Inc (PAYX) by 16.59% based on its latest 2017Q4 regulatory filing with the SEC. Ls Investment Advisors Llc sold 4,976 shares as the company’s stock declined 12.35% with the market. The institutional investor held 25,025 shares of the consumer services company at the end of 2017Q4, valued at $1.70M, down from 30,001 at the end of the previous reported quarter. Ls Investment Advisors Llc who had been investing in Paychex Inc for a number of months, seems to be less bullish one the $21.89 billion market cap company. The stock decreased 0.18% or $0.11 during the last trading session, reaching $60.92. About 1.63 million shares traded. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since April 19, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

Ahmet Okumus decreased its stake in Ascent Cap Group Inc (ASCMA) by 9.03% based on its latest 2017Q4 regulatory filing with the SEC. Okumus Fund Management Ltd sold 102,000 shares as the company’s stock declined 65.79% with the market. The hedge fund run by Ahmet Okumus held 1.03M shares of the consumer services company at the end of 2017Q4, valued at $11.81 million, down from 1.13M at the end of the previous reported quarter. Okumus Fund Management Ltd who had been investing in Ascent Cap Group Inc for a number of months, seems to be less bullish one the $45.96 million market cap company. The stock increased 0.27% or $0.01 during the last trading session, reaching $3.66. About 27,956 shares traded. Ascent Capital Group, Inc. (NASDAQ:ASCMA) has declined 72.58% since April 19, 2017 and is downtrending. It has underperformed by 84.13% the S&P500.

Analysts await Ascent Capital Group, Inc. (NASDAQ:ASCMA) to report earnings on May, 8. They expect $-1.38 EPS, up 11.54% or $0.18 from last year’s $-1.56 per share.

Investors sentiment increased to 0.86 in Q4 2017. Its up 0.19, from 0.67 in 2017Q3. It improved, as 9 investors sold ASCMA shares while 26 reduced holdings. 8 funds opened positions while 22 raised stakes. 10.29 million shares or 3.79% more from 9.91 million shares in 2017Q3 were reported. Parallax Volatility Advisers LP owns 1,680 shares. Clearbridge Invests has invested 0% in Ascent Capital Group, Inc. (NASDAQ:ASCMA). California Public Employees Retirement Sys invested in 40,220 shares. Highlander Mgmt Limited Liability Corp has invested 0% in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Gabelli Funds holds 0.01% in Ascent Capital Group, Inc. (NASDAQ:ASCMA) or 108,500 shares. State Common Retirement Fund accumulated 12,200 shares or 0% of the stock. Royal Savings Bank Of Canada stated it has 0% of its portfolio in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Rhumbline Advisers has invested 0% in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Meeder Asset Management Inc, Ohio-based fund reported 763 shares. Envestnet Asset Management Inc owns 0% invested in Ascent Capital Group, Inc. (NASDAQ:ASCMA) for 12 shares. Blackrock Inc invested in 735,858 shares. Invesco Limited has 0% invested in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Prelude Management Llc owns 4,603 shares. New York-based Tower Rech Capital Lc (Trc) has invested 0% in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Strs Ohio holds 44,100 shares.

Okumus Fund Management Ltd, which manages about $402.37M US Long portfolio, upped its stake in Endurance Intl Group Hldgs I (NASDAQ:EIGI) by 601,025 shares to 12.80M shares, valued at $107.53 million in 2017Q4, according to the filing.

Since December 11, 2017, it had 0 buys, and 1 sale for $9.46 million activity.

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 17 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, March 2 by Stifel Nicolaus. The rating was downgraded by Zacks on Wednesday, September 2 to “Sell”. The stock of Ascent Capital Group, Inc. (NASDAQ:ASCMA) has “Hold” rating given on Friday, July 21 by Stifel Nicolaus. The stock of Ascent Capital Group, Inc. (NASDAQ:ASCMA) earned “In-Line” rating by Imperial Capital on Wednesday, June 22. Imperial Capital maintained Ascent Capital Group, Inc. (NASDAQ:ASCMA) on Tuesday, March 6 with “Outperform” rating. The stock of Ascent Capital Group, Inc. (NASDAQ:ASCMA) has “Outperform” rating given on Thursday, November 12 by Imperial Capital. Imperial Capital maintained the shares of ASCMA in report on Thursday, May 11 with “Outperform” rating. The stock has “Hold” rating by Stifel Nicolaus on Thursday, March 15. On Thursday, August 11 the stock rating was maintained by Imperial Capital with “In-Line”. The company was upgraded on Friday, November 3 by Imperial Capital.

Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 1 Sell and 16 Hold. Therefore 6% are positive. Paychex had 54 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, July 21 by William Blair. RBC Capital Markets maintained the shares of PAYX in report on Monday, November 13 with “Sell” rating. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, October 4. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Sell” rating by Citigroup on Thursday, September 29. Compass Point maintained the stock with “Sell” rating in Thursday, December 22 report. The firm has “Hold” rating given on Tuesday, April 17 by Bank of America. On Friday, December 16 the stock rating was upgraded by Goldman Sachs to “Buy”. The firm earned “Neutral” rating on Wednesday, March 28 by Citigroup. Citigroup upgraded Paychex, Inc. (NASDAQ:PAYX) on Monday, December 4 to “Hold” rating. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Hold” rating by BMO Capital Markets on Wednesday, June 28.

Since January 4, 2018, it had 0 insider purchases, and 3 insider sales for $9.83 million activity. Vossler Jennifer R. sold $682,900 worth of stock or 10,000 shares.

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.10, from 1.02 in 2017Q3. It worsened, as 39 investors sold PAYX shares while 306 reduced holdings. 93 funds opened positions while 226 raised stakes. 238.43 million shares or 0.16% less from 238.82 million shares in 2017Q3 were reported. Advisor Prns Ltd Liability Co has 0.08% invested in Paychex, Inc. (NASDAQ:PAYX) for 6,203 shares. Signaturefd Ltd holds 4,956 shares or 0.04% of its portfolio. Qs Invsts Ltd Com holds 0.11% or 166,445 shares. 42,799 were reported by American Cap Management. Balyasny Asset owns 0.01% invested in Paychex, Inc. (NASDAQ:PAYX) for 24,344 shares. Vident Inv Advisory Lc owns 6,043 shares. Stadion Money Management Limited Liability Com has 0.01% invested in Paychex, Inc. (NASDAQ:PAYX) for 6,049 shares. Raymond James And accumulated 379,260 shares. 1,700 are owned by Credit Agricole S A. Blackrock Incorporated invested 0.08% in Paychex, Inc. (NASDAQ:PAYX). 35,730 are held by Nordea Inv Mngmt Ab. Sumitomo Mitsui Trust Holding accumulated 0.09% or 1.06M shares. Laurion Cap Management LP owns 0% invested in Paychex, Inc. (NASDAQ:PAYX) for 5,529 shares. First Republic Inv Mgmt invested in 377,401 shares or 0.17% of the stock. Norris Perne And French Llp Mi accumulated 7,071 shares or 0.07% of the stock.

Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on June, 27. They expect $0.62 earnings per share, up 14.81% or $0.08 from last year’s $0.54 per share. PAYX’s profit will be $222.75 million for 24.56 P/E if the $0.62 EPS becomes a reality. After $0.63 actual earnings per share reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -1.59% negative EPS growth.

Ls Investment Advisors Llc, which manages about $1.86 billion and $1.72B US Long portfolio, upped its stake in American Express Co (NYSE:AXP) by 10,319 shares to 34,306 shares, valued at $3.41 million in 2017Q4, according to the filing. It also increased its holding in Ametek Inc (NYSE:AME) by 11,393 shares in the quarter, for a total of 25,028 shares, and has risen its stake in Texas Instruments (NASDAQ:TXN).

Paychex, Inc. (NASDAQ:PAYX) Institutional Positions Chart

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