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

Ascent Capital Group, Inc. (NASDAQ:ASCMA) VP William E. Niles sold 1,954 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $11.60, for a total transaction of $22,666.40. Following the sale, the vice president now directly owns 53,691 shares of the company’s stock, valued at $622,815.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Ascent Capital Group, Inc. (ASCMA) traded down $0.21 during trading on Monday, reaching $11.83. 32,600 shares of the company’s stock were exchanged, compared to its average volume of 47,908. Ascent Capital Group, Inc. has a 12-month low of $8.87 and a 12-month high of $18.39. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 11.96.

Several research firms have weighed in on ASCMA. Stifel Nicolaus reiterated a “hold” rating and issued a $16.00 price objective on shares of Ascent Capital Group in a research note on Friday, November 3rd. Imperial Capital upgraded shares of Ascent Capital Group from an “in-line” rating to an “outperform” rating and dropped their price objective for the company from $13.50 to $13.00 in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Ascent Capital Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine upgraded shares of Ascent Capital Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, 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 note on Thursday, August 10th. One investment 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. The stock currently has an average rating of “Hold” and a consensus price target of $14.33.

Several large investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Ascent Capital Group by 82.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 158,329 shares of the industrial products company’s stock worth $2,065,000 after acquiring an additional 71,391 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Ascent Capital Group by 2.2% during the 3rd quarter. Gamco Investors INC. ET AL now owns 734,286 shares of the industrial products company’s stock worth $9,575,000 after acquiring an additional 16,085 shares during the period. Bank of Nova Scotia bought a new position in shares of Ascent Capital Group during the 2nd quarter worth about $538,000. State Street Corp lifted its holdings in shares of Ascent Capital Group by 3.0% during the 2nd quarter. State Street Corp now owns 228,283 shares of the industrial products company’s stock worth $3,504,000 after acquiring an additional 6,682 shares during the period. Finally, Zacks Investment Management lifted its holdings in shares of Ascent Capital Group by 0.8% during the 2nd quarter. Zacks Investment Management now owns 11,691 shares of the industrial products company’s stock worth $180,000 after acquiring an additional 97 shares during the period. 80.70% of the stock is owned by 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.

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

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