Ascent Capital Group Inc (NDAQ:ASCMA) Change of Rating

Imperial Capital gave Ascent Capital Group Inc (NDAQ:ASCMA) shares a new “Outperform” rating in an analyst report published on Friday morning. This is boost from the old “In-Line” rating. The firm from today has $13.00 target price per share on Ascent Capital Group Inc (NDAQ:ASCMA), suggesting 9.98 % upside potential.

The rating upgrade is well received by investors, as NDAQ:ASCMA is at the moment trading 4.97% higher at $11.82 as of 8:10 AM New York time. Ascent Capital Group Inc shares have [From2] 0% in the last 200 days, while the Standard & Poor’s 500 index has added 6.00% for the same time.

Institutional Ownership

Okumus Fund Management Ltd. had the biggest stake with ownership of 1.29 million shares as of Q2 2015 for 6.71% of the fund’s portfolio. Chou Associates Management Inc. is another bull as the investment professional who is possessing 340,000 shares of Ascent Capital Group Inc or 2.92% of their fund’s portfolio. Furthermore, Wallace Capital Management Inc. have 1.95% of their fund’s portfolio invested in the company for 478,927 shares. The Virginia-based fund Vnbtrust National Association revealed it had acquired so far a stake worth about 0.67% of the investment professional’s stock portfolio in Ascent Capital Group Inc. The Pennsylvania-based fund Staley Capital Advisers Inc is also positive about the stock, possessing 50,813 shares or 0.66% of their fund’s portfolio.

Ascent Capital Group Inc (NDAQ:ASCMA) Profile

Ascent Capital Group, Inc. is a holding company. The Company’s subsidiaries include Monitronics International, Inc. (MONI) and LiveWatch Security, LLC (LiveWatch). The Company’s segments include MONI, LiveWatch and Other Activities.

Ascent Capital Group Inc (NDAQ:ASCMA) traded up 4.97% on 3 November, hitting $11.82. A total of 44,204 shares of the company’s stock traded hands. This is down from average of 55,578 shares. Ascent Capital Group Inc has a 52 week low of $8.87 and a 52 week high of $21.29. The company has a market cap of $151.77 million and a P/E ratio of 0.

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