Zacks Investment Research upgraded shares of Ascent Capital Group Inc. (NASDAQ:ASCMA) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “Ascent Capital Group, Inc. is a holding company and its assets primarily consist of its wholly-owned subsidiary, Monitronics International, Inc. The Company provides security alarm monitoring and related services to residential and business subscribers throughout the United States and parts of Canada. Monitronics monitors signals arising from burglaries, fires and other events through security systems at subscribers’ premises. Ascent Capital Group, Inc., formerly known as Ascent Media Corporation, is based in Englewood, Colorado. “

Separately, Imperial Capital raised Ascent Capital Group from an in-line rating to an outperform rating and set a $21.00 target price on the stock in a research report on Wednesday, November 9th.

Ascent Capital Group (NASDAQ:ASCMA) opened at 17.68 on Tuesday. Ascent Capital Group has a 12 month low of $7.77 and a 12 month high of $26.16. The firm’s market capitalization is $213.95 million. The firm has a 50 day moving average price of $20.65 and a 200-day moving average price of $19.67.

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In other news, insider Michael R. Meyers sold 5,407 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $19.77, for a total transaction of $106,896.39. Following the transaction, the insider now owns 50,890 shares of the company’s stock, valued at approximately $1,006,095.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Opportunistic Value Fun Okumus sold 92,706 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $19.95, for a total value of $1,849,484.70. The disclosure for this sale can be found here. 8.65% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of ASCMA. Acrospire Investment Management LLC raised its position in shares of Ascent Capital Group by 78.2% in the second quarter. Acrospire Investment Management LLC now owns 6,584 shares of the company’s stock worth $101,000 after buying an additional 2,890 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Ascent Capital Group by 291.7% in the second quarter. Panagora Asset Management Inc. now owns 7,263 shares of the company’s stock valued at $112,000 after buying an additional 5,409 shares during the last quarter. BlackRock Inc. increased its stake in shares of Ascent Capital Group by 719.6% in the second quarter. BlackRock Inc. now owns 8,270 shares of the company’s stock valued at $127,000 after buying an additional 7,261 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of Ascent Capital Group by 12.8% in the third quarter. BlackRock Advisors LLC now owns 7,025 shares of the company’s stock valued at $163,000 after buying an additional 795 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Ascent Capital Group during the third quarter valued at $181,000. 84.40% of the stock is currently owned by institutional investors and hedge funds.

About Ascent Capital Group

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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