As Cadiz (CDZI) Shares Rose, Elkhorn Partners Limited Partnership Increased Position; As Ascent Cap Group (ASCMA) Valuation Declined, Shareholder Okumus Fund Management LTD Decreased by $1.40 Million Its Holding

February 14, 2018 - By Adrian Erickson

Alan S. Parsow increased its stake in Cadiz Inc. (CDZI) by 19.7% based on its latest 2017Q3 regulatory filing with the SEC. Elkhorn Partners Limited Partnership bought 79,000 shares as the company’s stock rose 6.46% with the market. The hedge fund run by Alan S. Parsow held 480,000 shares of the public utilities company at the end of 2017Q3, valued at $6.10 million, up from 401,000 at the end of the previous reported quarter. Elkhorn Partners Limited Partnership who had been investing in Cadiz Inc. for a number of months, seems to be bullish on the $312.39 million market cap company. The stock increased 1.48% or $0.2 during the last trading session, reaching $13.7. About 65,083 shares traded. Cadiz Inc. (NASDAQ:CDZI) has risen 165.70% since February 14, 2017 and is uptrending. It has outperformed by 149.00% the S&P500.

Ahmet Okumus decreased its stake in Ascent Cap Group Inc (ASCMA) by 8.73% based on its latest 2017Q3 regulatory filing with the SEC. Okumus Fund Management Ltd sold 108,065 shares as the company’s stock declined 23.46% while stock markets rallied. The hedge fund run by Ahmet Okumus held 1.13 million shares of the consumer services company at the end of 2017Q3, valued at $14.73M, down from 1.24 million 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 $73.43M market cap company. The stock decreased 2.57% or $0.16 during the last trading session, reaching $6.26. About 22,375 shares traded. Ascent Capital Group, Inc. (NASDAQ:ASCMA) has declined 24.02% since February 14, 2017 and is downtrending. It has underperformed by 40.72% the S&P500.

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.23, from 1.31 in 2017Q2. It is negative, as 8 investors sold CDZI shares while 17 reduced holdings. 6 funds opened positions while 21 raised stakes. 11.09 million shares or 4.21% less from 11.58 million shares in 2017Q2 were reported. Aqr Cap invested in 11,355 shares. First Manhattan invested 0% of its portfolio in Cadiz Inc. (NASDAQ:CDZI). Vanguard Gru Inc reported 0% in Cadiz Inc. (NASDAQ:CDZI). Geode Capital Management Limited Liability stated it has 199,052 shares. Group Incorporated One Trading Lp invested 0% of its portfolio in Cadiz Inc. (NASDAQ:CDZI). Rhumbline Advisers reported 0% of its portfolio in Cadiz Inc. (NASDAQ:CDZI). Equitec Proprietary Limited Liability Co stated it has 14,523 shares or 0.04% of all its holdings. State Bank Of America De accumulated 1,368 shares. Mcf Advsr holds 0% in Cadiz Inc. (NASDAQ:CDZI) or 500 shares. Kings Point Cap Mngmt holds 75,000 shares. 307,977 were accumulated by State Street. Ironsides Asset Limited Liability Company holds 0.07% or 12,680 shares in its portfolio. 28,208 were reported by California Pub Employees Retirement System. State Common Retirement Fund accumulated 22,300 shares. Gamco Et Al invested in 10,000 shares.

Elkhorn Partners Limited Partnership, which manages about $155.72 million US Long portfolio, decreased its stake in Bp Plc (NYSE:BP) by 9,000 shares to 18,200 shares, valued at $699,000 in 2017Q3, according to the filing.

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.

Since September 27, 2017, it had 0 insider buys, and 2 selling transactions for $9.49 million activity. Brigade Leveraged Capital Structures Fund Ltd. sold 860,000 shares worth $9.46 million.

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