Ascent Capital Group, Inc. (NASDAQ:ASCMA) major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $11.00, for a total transaction of $9,460,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Ascent Capital Group, Inc. (NASDAQ:ASCMA) opened at $11.16 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 11.96. Ascent Capital Group, Inc. has a twelve month low of $8.87 and a twelve month high of $18.31.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Ascent Capital Group by 2.2% during the first quarter. Vanguard Group Inc. now owns 447,733 shares of the industrial products company’s stock worth $6,326,000 after purchasing an additional 9,468 shares in the last quarter. Geode Capital Management LLC raised its holdings in Ascent Capital Group by 3.9% in the first quarter. Geode Capital Management LLC now owns 89,937 shares of the industrial products company’s stock valued at $1,270,000 after acquiring an additional 3,415 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Ascent Capital Group by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 883,229 shares of the industrial products company’s stock valued at $12,480,000 after acquiring an additional 44,391 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Ascent Capital Group by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 42,785 shares of the industrial products company’s stock valued at $605,000 after acquiring an additional 2,565 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Ascent Capital Group by 25.1% during the first quarter. Bank of America Corp DE now owns 32,238 shares of the industrial products company’s stock valued at $455,000 after purchasing an additional 6,475 shares during the last quarter. Institutional investors own 80.70% of the company’s stock.

ASCMA has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Ascent Capital Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $16.00 target price on shares of Ascent Capital Group in a research report on Friday, November 3rd. Imperial Capital raised shares of Ascent Capital Group from an “in-line” rating to an “outperform” rating and lowered their price objective for the stock from $13.50 to $13.00 in a research report on Friday, November 3rd. Finally, ValuEngine upgraded shares of Ascent Capital Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Ascent Capital Group has a consensus rating of “Hold” and a consensus target price of $14.33.

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About Ascent Capital Group

Ascent Capital Group, Inc is a holding company. The Company’s subsidiaries include Monitronics International, Inc (MONI) and LiveWatch Security, LLC (LiveWatch). The Company’s segments include MONI, LiveWatch and Other Activities. The MONI segment is primarily engaged in the business of providing security alarm monitoring services: monitoring signals arising from burglaries, fires, medical alerts and other events through security systems at subscribers’ premises, as well as providing customer service and technical support.

Insider Buying and Selling by Quarter for Ascent Capital Group (NASDAQ:ASCMA)

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