William E. Niles Sells 1,954 Shares of Ascent Capital Group, Inc. (ASCMA) Stock

Ascent Capital Group, Inc. (NASDAQ:ASCMA) VP William E. Niles sold 1,954 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $12.06, for a total transaction of $23,565.24. Following the sale, the vice president now owns 50,817 shares in the company, valued at $612,853.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Ascent Capital Group, Inc. (NASDAQ ASCMA) traded down $0.29 during mid-day trading on Thursday, hitting $10.90. 39,882 shares of the company’s stock were exchanged, compared to its average volume of 47,656. Ascent Capital Group, Inc. has a one year low of $8.87 and a one year high of $18.31. The company has a debt-to-equity ratio of 11.96, a quick ratio of 1.34 and a current ratio of 1.34.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cigna Investments Inc. New bought a new stake in shares of Ascent Capital Group in the 2nd quarter worth approximately $159,000. Zacks Investment Management raised its holdings in shares of Ascent Capital Group by 0.8% in the 2nd quarter. Zacks Investment Management now owns 11,691 shares of the industrial products company’s stock worth $180,000 after purchasing an additional 97 shares in the last quarter. Teachers Advisors LLC raised its holdings 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 in the last quarter. Bank of America Corp DE raised its holdings in shares of Ascent Capital Group by 25.1% in the 1st quarter. Bank of America Corp DE now owns 32,238 shares of the industrial products company’s stock worth $455,000 after purchasing an additional 6,475 shares in the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of Ascent Capital Group in the 2nd quarter worth approximately $538,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

A number of research firms have commented on ASCMA. Piper Jaffray Companies set a $14.00 price target on shares of Ascent Capital Group and gave the stock a “hold” rating in a research report on Thursday, August 10th. Imperial Capital upgraded shares of Ascent Capital Group from an “in-line” rating to an “outperform” rating and dropped their price target for the stock from $13.50 to $13.00 in a research report on Friday, November 3rd. ValuEngine upgraded shares of Ascent Capital Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Ascent Capital Group from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Stifel Nicolaus restated a “hold” rating and set a $16.00 price target 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 given a hold rating and one has assigned a buy rating to the company. Ascent Capital Group presently has a consensus rating of “Hold” and an average target price of $14.33.

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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.

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

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