Media coverage about Ascent Capital Group (NASDAQ:ASCMA) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ascent Capital Group earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.8660253955901 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
ASCMA has been the subject of several analyst reports. Zacks Investment Research upgraded Ascent Capital Group from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Tuesday, January 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $16.00 price objective on shares of Ascent Capital Group in a research report on Friday, November 3rd. Finally, Imperial Capital upgraded Ascent Capital Group from an “in-line” rating to an “outperform” rating and reduced their price objective for the stock from $13.50 to $13.00 in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Ascent Capital Group presently has a consensus rating of “Hold” and an average price target of $14.00.
Shares of Ascent Capital Group (NASDAQ:ASCMA) opened at $10.69 on Friday. Ascent Capital Group has a twelve month low of $8.87 and a twelve month 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 company’s stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 865,862 shares of company stock worth $9,528,273 in the last ninety days. 9.60% of the stock is owned by corporate insiders.
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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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