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

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 reaffirmed an outperform rating and issued a $21.00 price target on shares of Ascent Capital Group in a research note on Saturday, January 7th.

Shares of Ascent Capital Group (NASDAQ:ASCMA) traded up 3.15% during trading on Tuesday, reaching $17.03. 11,982 shares of the company traded hands. The stock’s market cap is $206.08 million. Ascent Capital Group has a 12 month low of $7.77 and a 12 month high of $26.16. The stock’s 50 day moving average price is $17.90 and its 200-day moving average price is $19.52.

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In related news, Director Michael J. Pohl sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $17.97, for a total value of $35,940.00. Following the completion of the transaction, the director now directly owns 13,260 shares in the company, valued at approximately $238,282.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carl E. Vogel sold 6,035 shares of the business’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $17.76, for a total value of $107,181.60. Following the completion of the transaction, the director now owns 12,107 shares of the company’s stock, valued at $215,020.32. The disclosure for this sale can be found here. 8.65% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its position in shares of Ascent Capital Group by 4.9% in the second quarter. Acadian Asset Management LLC now owns 13,210 shares of the company’s stock valued at $203,000 after buying an additional 614 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Ascent Capital Group during the second quarter valued at about $801,000. California Public Employees Retirement System raised its position in shares of Ascent Capital Group by 15.2% in the second quarter. California Public Employees Retirement System now owns 104,400 shares of the company’s stock valued at $1,607,000 after buying an additional 13,800 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Ascent Capital Group by 6.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 18,198 shares of the company’s stock valued at $280,000 after buying an additional 1,043 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Ascent Capital Group by 32.7% in the second quarter. JPMorgan Chase & Co. now owns 630,928 shares of the company’s stock valued at $9,710,000 after buying an additional 155,410 shares in the last quarter. Institutional investors and hedge funds own 84.07% of the company’s stock.

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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