Ascent Capital Group (ASCMA) Receiving Somewhat Favorable News Coverage, Study Finds

Media stories about Ascent Capital Group (NASDAQ:ASCMA) have trended somewhat positive on Saturday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ascent Capital Group earned a news impact score of 0.03 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.2401451815293 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Ascent Capital Group (ASCMA) traded up $0.01 on Friday, hitting $10.69. 53,114 shares of the company traded hands, compared to its average volume of 93,127. Ascent Capital Group has a 52-week low of $8.87 and a 52-week high of $17.84. The company has a debt-to-equity ratio of 11.96, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $137.51, a P/E ratio of -1.18 and a beta of 1.59.

Several research analysts recently weighed in on ASCMA shares. Zacks Investment Research upgraded shares of Ascent Capital Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Imperial Capital upgraded shares of Ascent Capital Group from an “in-line” rating to an “outperform” rating and reduced their price target for the stock from $13.50 to $13.00 in a research report on Friday, November 3rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $16.00 price target on shares of Ascent Capital Group in a research report on Friday, November 3rd. One investment 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. Ascent Capital Group presently has an average rating of “Hold” and a consensus target price of $14.00.

In other Ascent Capital Group news, major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $11.00, for a total value of $9,460,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 865,862 shares of company stock valued at $9,528,273. 9.60% of the stock is owned by insiders.

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Ascent Capital Group Company 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.

Insider Buying and Selling by Quarter for Ascent Capital Group (NASDAQ:ASCMA)

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