Ascent Capital Group, Inc. (NASDAQ:ASCMA) VP William E. Niles sold 1,954 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $11.60, for a total value of $22,666.40. Following the completion of the sale, the vice president now directly owns 53,691 shares in the company, valued at approximately $622,815.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ascent Capital Group, Inc. (NASDAQ:ASCMA) traded down $0.21 during midday trading on Monday, reaching $11.62. 44,851 shares of the company traded hands, compared to its average volume of 47,894. Ascent Capital Group, Inc. has a 52-week low of $8.87 and a 52-week high of $18.39. The company has a debt-to-equity ratio of 11.96, a current ratio of 1.34 and a quick ratio of 1.34.
A number of institutional investors have recently modified their holdings of ASCMA. Cigna Investments Inc. New purchased a new position in shares of Ascent Capital Group during the 2nd quarter worth approximately $159,000. Zacks Investment Management increased its stake in shares of Ascent Capital Group by 0.8% during the 2nd quarter. Zacks Investment Management now owns 11,691 shares of the industrial products company’s stock worth $180,000 after purchasing an additional 97 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of Ascent Capital Group during the 2nd quarter worth approximately $270,000. Teachers Advisors LLC boosted its position in Ascent Capital Group by 14.2% during the second quarter. Teachers Advisors LLC now owns 23,260 shares of the industrial products company’s stock worth $357,000 after acquiring an additional 2,892 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Ascent Capital Group by 25.1% during the first quarter. Bank of America Corp DE now owns 32,238 shares of the industrial products company’s stock worth $455,000 after acquiring an additional 6,475 shares during the last quarter. 80.70% of the stock is owned by institutional investors.
A number of brokerages recently commented on ASCMA. Zacks Investment Research upgraded shares of Ascent Capital Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine upgraded shares of Ascent Capital Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Stifel Nicolaus restated a “hold” rating and issued a $16.00 price objective on shares of Ascent Capital Group in a research note on Friday, November 3rd. Imperial Capital upgraded shares of Ascent Capital Group from an “in-line” rating to an “outperform” rating and decreased their price objective for the company from $13.50 to $13.00 in a research note on Friday, November 3rd. Finally, Piper Jaffray Companies set a $14.00 target price on shares of Ascent Capital Group and gave the stock a “hold” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.33.
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About Ascent Capital Group
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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