Ascent Capital Group (NASDAQ:ASCMA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $13.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 9.89% from the company’s current price.

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. “

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus reaffirmed a “hold” rating and set a $16.00 price target on shares of Ascent Capital Group in a report on Friday, November 3rd. Imperial Capital raised shares of Ascent Capital Group from an “in-line” rating to an “outperform” rating and decreased their price target for the company from $13.50 to $13.00 in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.00.

Shares of Ascent Capital Group (NASDAQ ASCMA) traded up $0.34 during trading on Tuesday, hitting $11.83. 59,278 shares of the company traded hands, compared to its average volume of 70,350. The company has a market cap of $141.65, a price-to-earnings ratio of -1.31 and a beta of 1.59. 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 has a 12 month low of $8.87 and a 12 month high of $17.84.

In related news, major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of Ascent Capital Group stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $11.00, for a total transaction of $9,460,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 865,862 shares of company stock worth $9,528,273. 9.60% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Ascent Capital Group by 2.2% in the 1st 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 during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Ascent Capital Group by 6.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 42,785 shares of the industrial products company’s stock worth $605,000 after purchasing an additional 2,565 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Ascent Capital Group by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 56,060 shares of the industrial products company’s stock worth $862,000 after purchasing an additional 687 shares during the period. Teachers Advisors LLC lifted its position in shares of Ascent Capital Group by 14.2% in the 2nd quarter. Teachers Advisors LLC now owns 23,260 shares of the industrial products company’s stock worth $357,000 after purchasing an additional 2,892 shares during the period. Finally, Thrivent Financial For Lutherans lifted its position in shares of Ascent Capital Group by 2.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 53,710 shares of the industrial products company’s stock worth $825,000 after purchasing an additional 1,090 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

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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.

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