Insider Selling: Ascent Capital Group, Inc. (ASCMA) VP Sells $22,666.40 in Stock

Ascent Capital Group, Inc. (NASDAQ:ASCMA) VP William E. Niles sold 1,954 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now directly owns 53,691 shares in the company, valued at $622,815.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ascent Capital Group, Inc. (NASDAQ ASCMA) traded up $0.29 on Friday, hitting $12.06. 21,158 shares of the company traded hands, compared to its average volume of 81,227. Ascent Capital Group, Inc. has a 52-week low of $8.87 and a 52-week high of $20.19. The company has a debt-to-equity ratio of 11.96, a current ratio of 1.34 and a quick ratio of 1.34.

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Several research firms have recently issued reports on ASCMA. ValuEngine lowered shares of Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research note on Monday, August 7th. Piper Jaffray Companies set a $14.00 target price on shares of Ascent Capital Group and gave the stock a “hold” rating in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Ascent Capital Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Imperial Capital lowered shares of Ascent Capital Group from an “outperform” rating to an “in-line” rating and lowered their target price for the stock from $17.00 to $13.50 in a research note on Friday, August 11th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $16.00 target price on shares of Ascent Capital Group in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position in shares of Ascent Capital Group by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 914,700 shares of the industrial products company’s stock worth $14,050,000 after purchasing an additional 11,500 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Ascent Capital Group by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 910,391 shares of the industrial products company’s stock valued at $13,984,000 after acquiring an additional 27,162 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Ascent Capital Group by 2.2% in the 3rd quarter. Gamco Investors INC. ET AL now owns 734,286 shares of the industrial products company’s stock valued at $9,575,000 after acquiring an additional 16,085 shares during the last quarter. Vanguard Group Inc. raised its holdings in 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 valued at $6,326,000 after acquiring an additional 9,468 shares during the last quarter. Finally, State Street Corp raised its holdings in Ascent Capital Group by 3.0% in the 2nd quarter. State Street Corp now owns 228,283 shares of the industrial products company’s stock valued at $3,504,000 after acquiring an additional 6,682 shares during the last quarter. Hedge funds and other institutional investors own 79.52% of the company’s stock.

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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