News headlines about Ascent Capital Group (NASDAQ:ASCMA) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ascent Capital Group earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.7124525410087 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
ASCMA has been the topic of several analyst reports. Zacks Investment Research upgraded Ascent Capital Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Stifel Nicolaus restated a “hold” rating and set a $16.00 price target on shares of Ascent Capital Group in a research note on Friday, November 3rd. Finally, Imperial Capital upgraded 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 note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Ascent Capital Group currently has a consensus rating of “Hold” and an average target price of $14.00.
Shares of Ascent Capital Group (NASDAQ:ASCMA) traded down $0.26 during midday trading on Monday, reaching $11.27. The company had a trading volume of 38,700 shares, compared to its average volume of 57,350. The stock has a market capitalization of $138.94, a price-to-earnings ratio of -1.25 and a beta of 1.59. Ascent Capital Group has a 52-week low of $8.87 and a 52-week high of $17.84. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 11.96.
In related news, major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $11.00, for a total value of $9,460,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 865,862 shares of company stock worth $9,528,273. 9.60% of the stock is owned by insiders.
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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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