Ascent Capital Group Inc. (NASDAQ:ASCMA) rose 5.4% during trading on Wednesday . The company traded as high as $20.93 and last traded at $20.11, with a volume of 90,200 shares trading hands. The stock had previously closed at $19.08.

A number of brokerages have recently weighed in on ASCMA. Imperial Capital cut Ascent Capital Group from an “outperform” rating to an “in-line” rating and set a $20.00 price objective for the company. in a research note on Wednesday, June 22nd. BB&T Corp. began coverage on Ascent Capital Group in a research note on Thursday, June 16th. They issued a “hold” rating for the company. Finally, Zacks Investment Research cut Ascent Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 19th.

The firm’s 50 day moving average price is $16.70 and its 200 day moving average price is $15.04. The stock’s market capitalization is $271.97 million.

Ascent Capital Group (NASDAQ:ASCMA) last announced its earnings results on Monday, May 9th. The company reported ($1.86) EPS for the quarter, beating analysts’ consensus estimates of ($1.89) by $0.03. Equities analysts predict that Ascent Capital Group Inc. will post ($5.80) EPS for the current fiscal year.

In other Ascent Capital Group news, VP William E. Niles sold 1,500 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $19.14, for a total transaction of $28,710.00. Following the sale, the vice president now owns 66,408 shares in the company, valued at approximately $1,271,049.12. The sale was disclosed in a legal filing with the SEC, which is available through this link.

A hedge fund recently bought a new stake in Ascent Capital Group stock. Ancora Advisors LLC purchased a new position in Ascent Capital Group Inc. (NASDAQ:ASCMA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 26,583 shares of the company’s stock, valued at approximately $1,407,000. Ancora Advisors LLC owned about 0.20% of Ascent Capital Group at the end of the most recent reporting period.

Ascent Capital Group, Inc is a holding company. The Company’s segments include Monitronics, LiveWatch and Other Activities. The Company’s subsidiaries include Monitronics International, Inc (Monitronics) and LiveWatch Security, LLC (LiveWatch). Monitronics provides a range of residential security services, including hands-free two-way interactive voice communication with the monitoring center, cellular options, and an interactive service option, which allows the customer to control their security system remotely using a computer or smart phone.

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