Ascent Capital Group (ASCMA) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Ascent Capital Group (NASDAQ:ASCMA) from a sell rating to a hold rating in a research report released on Monday.

ASCMA has been the subject of several other reports. Zacks Investment Research cut shares of Ascent Capital Group from a buy rating to a hold rating in a research report on Wednesday, March 21st. Stifel Nicolaus decreased their price objective on shares of Ascent Capital Group from $13.00 to $11.00 and set a hold rating for the company in a research report on Thursday, March 15th. Finally, Imperial Capital reiterated an outperform rating and set a $10.00 price objective (down from $13.00) on shares of Ascent Capital Group in a research report on Tuesday, March 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $9.69.

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ASCMA opened at $3.58 on Monday. Ascent Capital Group has a twelve month low of $3.30 and a twelve month high of $17.84. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 12.46.

Large investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in shares of Ascent Capital Group by 1,894.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 10,392 shares of the industrial products company’s stock valued at $119,000 after buying an additional 9,871 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Ascent Capital Group during the fourth quarter valued at about $163,000. Deutsche Bank AG grew its holdings in shares of Ascent Capital Group by 137.1% during the fourth quarter. Deutsche Bank AG now owns 24,851 shares of the industrial products company’s stock valued at $284,000 after buying an additional 14,371 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Ascent Capital Group during the fourth quarter valued at about $630,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Ascent Capital Group by 82.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 158,329 shares of the industrial products company’s stock valued at $2,065,000 after buying an additional 71,391 shares during the last quarter. Institutional investors and hedge funds own 83.29% of the company’s stock.

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Ascent Capital Group Company Profile

Ascent Capital Group, Inc, through its subsidiary, Monitronics International, Inc, provides security alarm monitoring services to residential and commercial customers in the United States, Canada, the District of Columbia, and Puerto Rico. The company provides monitoring services for alarm signals arising from burglaries, fires, medical alerts, and other events through security systems at customers' premises.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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