ValuEngine downgraded shares of Ascent Capital Group (NASDAQ:ASCMA) from a sell rating to a strong sell rating in a research report released on Monday morning.

Several other research analysts also recently commented on ASCMA. Zacks Investment Research upgraded shares of Ascent Capital Group from a strong sell rating to a hold rating in a research report on Wednesday, October 11th. Imperial Capital upgraded shares of Ascent Capital Group from an in-line rating to an outperform rating and lowered their price objective for the company from $13.50 to $13.00 in a research report on Friday, November 3rd. Finally, Stifel Nicolaus restated a hold rating and set a $16.00 price objective on shares of Ascent Capital Group in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Ascent Capital Group currently has an average rating of Hold and an average price target of $14.00.

Ascent Capital Group (ASCMA) opened at $7.27 on Monday. Ascent Capital Group has a 1 year low of $7.01 and a 1 year high of $17.84. The company has a debt-to-equity ratio of 11.96, a current ratio of 1.34 and a quick ratio of 1.34.

In other Ascent Capital Group news, major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of the business’s stock in a transaction 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 legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 865,862 shares of company stock worth $9,528,273. Insiders own 9.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ASCMA. Schwab Charles Investment Management Inc. grew its stake in shares of Ascent Capital Group by 45.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 230,541 shares of the industrial products company’s stock worth $2,649,000 after buying an additional 72,212 shares during the last quarter. Bank of Nova Scotia bought a new stake in shares of Ascent Capital Group during the second quarter worth $538,000. Dimensional Fund Advisors LP grew its stake in shares of Ascent Capital Group by 3.1% during the second quarter. Dimensional Fund Advisors LP now owns 910,391 shares of the industrial products company’s stock worth $13,984,000 after buying an additional 27,162 shares during the last quarter. Northern Trust Corp grew its stake in shares of Ascent Capital Group by 17.5% during the second quarter. Northern Trust Corp now owns 133,414 shares of the industrial products company’s stock worth $2,049,000 after buying an additional 19,918 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in shares of Ascent Capital Group by 2.2% during the third quarter. Gamco Investors INC. ET AL now owns 734,286 shares of the industrial products company’s stock worth $9,575,000 after buying an additional 16,085 shares during the last quarter. 81.23% of the stock is currently owned by hedge funds and other institutional investors.

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Ascent Capital Group Company Profile

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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