Ascent Capital Group Inc. (ASCMA) Sees Large Volume Increase
Ascent Capital Group Inc. (NASDAQ:ASCMA) shares saw strong trading volume on Thursday . 108,105 shares traded hands during trading, an increase of 7% from the previous session’s volume of 101,184 shares.The stock last traded at $24.41 and had previously closed at $23.76.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Ascent Capital Group from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Friday, August 12th. Imperial Capital boosted their price objective on shares of Ascent Capital Group from $20.00 to $21.00 and gave the company a “hold” rating in a report on Thursday, August 11th. Finally, BB&T Corp. began coverage on shares of Ascent Capital Group in a report on Thursday, June 16th. They issued a “hold” rating on the stock.
The company’s market cap is $302.79 million. The stock’s 50 day moving average is $19.07 and its 200 day moving average is $16.03.
In other Ascent Capital Group news, VP William E. Niles sold 1,500 shares of the stock in a transaction on Monday, August 1st. The stock was 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 owns 63,408 shares in the company, valued at $1,068,424.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
An institutional investor recently raised its position in Ascent Capital Group stock. Schwab Charles Investment Management Inc. boosted its position in shares of Ascent Capital Group Inc. (NASDAQ:ASCMA) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 0.85% of Ascent Capital Group worth $1,842,000 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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