Shares of Ascent Capital Group Inc (NASDAQ:ASCMA) reached a new 52-week low during trading on Thursday . The stock traded as low as $7.00 and last traded at $7.03, with a volume of 35749 shares changing hands. The stock had previously closed at $7.27.

Several research firms have issued reports on ASCMA. Stifel Nicolaus reiterated a “hold” rating and set a $16.00 target price on shares of Ascent Capital Group in a research report on Friday, November 3rd. Zacks Investment Research upgraded Ascent Capital Group from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Tuesday, January 2nd. Imperial Capital upgraded Ascent Capital Group from an “in-line” rating to an “outperform” rating and dropped their target price for the stock from $13.50 to $13.00 in a research report on Friday, November 3rd. Finally, ValuEngine cut Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday, February 5th. One 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’s stock. Ascent Capital Group has an average rating of “Hold” and a consensus target price of $14.00.

The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 11.96. The company has a market cap of $84.57, a PE ratio of -0.76 and a beta of 1.37.

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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 865,862 shares of company stock worth $9,528,273 in the last quarter. 9.60% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in Ascent Capital Group by 1,894.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 10,392 shares of the industrial products company’s stock valued at $119,000 after buying an additional 9,871 shares during the last quarter. Teachers Advisors LLC grew its holdings in Ascent Capital Group by 14.2% during the 2nd quarter. Teachers Advisors LLC now owns 23,260 shares of the industrial products company’s stock valued at $357,000 after buying an additional 2,892 shares during the last quarter. Bank of Nova Scotia acquired a new stake in Ascent Capital Group during the 2nd quarter valued at $538,000. Bank of New York Mellon Corp grew its holdings in Ascent Capital Group by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 56,060 shares of the industrial products company’s stock valued at $862,000 after buying an additional 687 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Ascent Capital Group by 103.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 86,938 shares of the industrial products company’s stock valued at $1,336,000 after buying an additional 44,153 shares during the last quarter. Hedge funds and other institutional investors own 81.23% of the company’s stock.

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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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