Stockbridge Partners Boosted Holding in Liberty Global Plc (LBTYK) as Market Value Declined; As Ascent Cap Group (ASCMA) Market Valuation Declined, Okumus Fund Management LTD Has Lowered Its Holding

April 22, 2018 - By Winifred Garcia

Liberty Global plc (NASDAQ:LBTYK) Logo

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 $11.81M, down from 1.13 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 $44.45 million market cap company. The stock decreased 2.75% or $0.1 during the last trading session, reaching $3.54. About 60,373 shares traded. Ascent Capital Group, Inc. (NASDAQ:ASCMA) has declined 72.58% since April 22, 2017 and is downtrending. It has underperformed by 84.13% the S&P500.

Sharlyn C. Heslam increased its stake in Liberty Global Plc (LBTYK) by 143.11% based on its latest 2017Q4 regulatory filing with the SEC. Stockbridge Partners Llc bought 2.44 million shares as the company’s stock declined 7.44% with the market. The hedge fund run by Sharlyn C. Heslam held 4.15 million shares of the television services company at the end of 2017Q4, valued at $140.29M, up from 1.71M at the end of the previous reported quarter. Stockbridge Partners Llc who had been investing in Liberty Global Plc for a number of months, seems to be bullish on the $24.89 billion market cap company. The stock decreased 1.36% or $0.42 during the last trading session, reaching $30.45. About 1.98M shares traded. Liberty Global plc (NASDAQ:LBTYK) has declined 10.09% since April 22, 2017 and is downtrending. It has underperformed by 21.64% the S&P500.

Stockbridge Partners Llc, which manages about $1.82B and $2.13 billion US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 6,402 shares to 121,599 shares, valued at $142.21 million in 2017Q4, according to the filing. It also reduced its holding in Realpage Inc (NASDAQ:RP) by 574,568 shares in the quarter, leaving it with 3.18M shares, and cut its stake in Charter Communications Inc N.

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. Stifel Nicolaus maintained it with “Hold” rating and $13.0 target in Friday, March 2 report. Piper Jaffray maintained it with “Hold” rating and $1400 target in Wednesday, August 9 report. As per Thursday, May 11, the company rating was maintained by Imperial Capital. The rating was downgraded by Imperial Capital on Wednesday, June 22 to “In-Line”. As per Friday, November 3, the company rating was upgraded by Imperial Capital. The stock has “Outperform” rating by Imperial Capital on Wednesday, November 9. As per Friday, July 21, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, March 15. The stock has “Outperform” rating by Imperial Capital on Thursday, November 12. On Friday, August 11 the stock rating was downgraded by Imperial Capital to “In-Line”.

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

Investors sentiment increased to 0.86 in 2017 Q4. 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. Moreover, Ny State Common Retirement Fund has 0% invested in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Barclays Public Limited Company invested in 0% or 1,835 shares. Bancorporation Of Mellon Corporation accumulated 53,017 shares. Price T Rowe Assocs Incorporated Md has 0% invested in Ascent Capital Group, Inc. (NASDAQ:ASCMA). Vanguard Group Inc Inc Inc, Pennsylvania-based fund reported 479,024 shares. Zacks Inv Management stated it has 13,467 shares or 0% of all its holdings. 286 are owned by Bancorporation Of Montreal Can. Federated Invsts Pa invested in 292 shares. Meeder Asset Management Inc owns 0% invested in Ascent Capital Group, Inc. (NASDAQ:ASCMA) for 763 shares. Renaissance Tech Limited Liability, New York-based fund reported 919,200 shares. Gabelli Funds Lc holds 0.01% or 108,500 shares. International Gp holds 0% or 7,419 shares. Citigroup accumulated 6,248 shares. Blackrock Incorporated holds 0% or 735,858 shares. Eagle Capital Management Limited Liability accumulated 66,023 shares.

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

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.

Ascent Capital Group, Inc. (NASDAQ:ASCMA) Institutional Positions Chart

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