Ascent Capital Group Inc. (ASCMA) Sees Large Volume Increase
Ascent Capital Group Inc. (NASDAQ:ASCMA) shares saw an uptick in trading volume on Thursday . 108,105 shares traded hands during mid-day 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.
A number of research firms recently issued reports on ASCMA. Zacks Investment Research upgraded shares of Ascent Capital Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Monday, May 2nd. BB&T Corp. assumed coverage on shares of Ascent Capital Group in a research report on Thursday, June 16th. They issued a “hold” rating on the stock. Finally, Imperial Capital raised their price target on shares of Ascent Capital Group from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Thursday, August 11th.
The company’s market cap is $303.54 million. The stock has a 50 day moving average of $18.82 and a 200-day moving average of $15.92.
In related news, VP William E. Niles sold 1,500 shares of Ascent Capital Group stock in a transaction 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 sale, the vice president now owns 63,408 shares of the company’s stock, valued at approximately $1,068,424.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
An institutional investor recently raised its position in Ascent Capital Group stock. Schwab Charles Investment Management Inc. raised its stake 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 Securities and Exchange Commission. 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 quarter.
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.