California Public Employees Retirement System decreased its position in Ascent Capital Group, Inc. (NASDAQ:ASCMA) by 32.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 62,500 shares of the industrial products company’s stock after selling 29,800 shares during the period. California Public Employees Retirement System owned about 0.52% of Ascent Capital Group worth $960,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Cigna Investments Inc. New acquired a new stake in Ascent Capital Group in the second quarter valued at $159,000. First Quadrant L P CA acquired a new stake in Ascent Capital Group in the second quarter valued at $270,000. Teachers Advisors LLC grew its holdings in Ascent Capital Group by 14.2% in the second quarter. Teachers Advisors LLC now owns 23,260 shares of the industrial products company’s stock valued at $357,000 after purchasing an additional 2,892 shares during the last quarter. Bank of America Corp DE grew its holdings in Ascent Capital Group by 25.1% in the first quarter. Bank of America Corp DE now owns 32,238 shares of the industrial products company’s stock valued at $455,000 after purchasing an additional 6,475 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Ascent Capital Group by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 42,785 shares of the industrial products company’s stock valued at $605,000 after purchasing an additional 2,565 shares during the last quarter. 79.52% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on ASCMA shares. Imperial Capital upgraded Ascent Capital Group from an “in-line” rating to an “outperform” rating and reduced their price objective for the company from $13.50 to $13.00 in a research report on Friday, November 3rd. Stifel Nicolaus restated a “hold” rating and issued a $16.00 price objective on shares of Ascent Capital Group in a research report on Friday, November 3rd. ValuEngine downgraded Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday, August 7th. Piper Jaffray Companies set a $14.00 price objective on Ascent Capital Group and gave the company a “hold” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded Ascent Capital Group from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $14.33.
Ascent Capital Group, Inc. (NASDAQ:ASCMA) opened at $11.68 on Tuesday. The company has a debt-to-equity ratio of 11.96, a quick ratio of 1.34 and a current ratio of 1.34. Ascent Capital Group, Inc. has a twelve month low of $8.87 and a twelve month high of $20.81.
In other news, Director Michael J. Pohl sold 2,500 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $11.93, for a total value of $29,825.00. Following the completion of the sale, the director now owns 17,927 shares in the company, valued at $213,869.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 9.60% of the stock is currently owned by company insiders.
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Ascent Capital Group 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. The MONI segment is primarily engaged in the business of providing security alarm monitoring services: monitoring signals arising from burglaries, fires, medical alerts and other events through security systems at subscribers’ premises, as well as providing customer service and technical support.
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