Ascent Capital Group Inc. (NASDAQ:ASCMA) rose 1.2% on Wednesday . The stock traded as high as $24.19 and last traded at $23.80, with a volume of 60,331 shares. The stock had previously closed at $23.52.

A number of research analysts have recently commented on the company. Imperial Capital cut Ascent Capital Group from an “outperform” rating to an “in-line” rating and set a $20.00 price target for the company. in a research note on Wednesday, June 22nd. Zacks Investment Research cut Ascent Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd. Finally, BB&T Corp. assumed coverage on Ascent Capital Group in a research note on Thursday, June 16th. They issued a “hold” rating for the company.

The company’s 50-day moving average price is $18.58 and its 200 day moving average price is $15.86. The stock’s market capitalization is $293.77 million.

In related news, VP William E. Niles sold 1,500 shares of Ascent Capital Group stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $16.85, for a total value of $25,275.00. Following the completion of the transaction, the vice president now directly owns 63,408 shares in the company, valued at approximately $1,068,424.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A hedge fund recently raised its stake in Ascent Capital Group stock. Schwab Charles Investment Management Inc. raised its position in shares of Ascent Capital Group Inc. (NASDAQ:ASCMA) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 110,130 shares of the company’s stock after buying an additional 4,461 shares during the period. Schwab Charles Investment Management Inc. owned about 0.85% of Ascent Capital Group worth $1,842,000 as of its most recent filing with the SEC.

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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