News articles about Ascent Capital Group (NASDAQ:ASCMA) have been trending positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ascent Capital Group earned a coverage optimism score of 0.37 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 44.4345767438713 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of brokerages recently issued reports on ASCMA. ValuEngine downgraded Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday, February 5th. Imperial Capital raised 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. Zacks Investment Research raised Ascent Capital Group from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Tuesday, January 2nd. Finally, Stifel Nicolaus reissued 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 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. Ascent Capital Group presently has a consensus rating of “Hold” and a consensus target price of $14.00.
Shares of Ascent Capital Group (ASCMA) traded down $0.14 during trading hours on Monday, reaching $6.68. The company had a trading volume of 42,774 shares, compared to its average volume of 54,916. The firm has a market capitalization of $84.08, a P/E ratio of -0.74 and a beta of 1.37. Ascent Capital Group has a 1-year low of $6.51 and a 1-year high of $17.84. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 11.96.
In other Ascent Capital Group news, major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $11.00, for a total value of $9,460,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 865,862 shares of company stock worth $9,528,273 in the last three months. 9.60% of the stock is currently owned by company insiders.
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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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