Ascent Capital Group, Inc. (NASDAQ:ASCMA) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Monday.

Several other brokerages have also weighed in on ASCMA. Zacks Investment Research upgraded Ascent Capital Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Imperial Capital upped their price objective on Ascent Capital Group from $15.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, July 6th.

Shares of Ascent Capital Group (NASDAQ:ASCMA) traded down 5.99% on Monday, hitting $15.85. The stock had a trading volume of 32,363 shares. The firm’s market cap is $192.32 million. The company’s 50-day moving average price is $16.03 and its 200 day moving average price is $14.95. Ascent Capital Group has a 12-month low of $11.55 and a 12-month high of $26.16.

Ascent Capital Group (NASDAQ:ASCMA) last announced its quarterly earnings data on Tuesday, May 9th. The industrial products company reported ($1.56) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.61) by $0.05. The business had revenue of $141.20 million during the quarter, compared to analyst estimates of $142.20 million. Ascent Capital Group had a negative return on equity of 33.84% and a negative net margin of 15.29%. On average, equities research analysts forecast that Ascent Capital Group will post ($7.24) earnings per share for the current fiscal year.

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In other news, major shareholder Opportunistic Value Fun Okumus sold 6,600 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $17.13, for a total transaction of $113,058.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Okumus Fund Management Ltd. sold 2,000 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $17.11, for a total value of $34,220.00. The disclosure for this sale can be found here. Insiders have sold 158,600 shares of company stock worth $2,697,278 over the last ninety days. 8.65% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in ASCMA. State Street Corp raised its stake in shares of Ascent Capital Group by 0.7% in the fourth quarter. State Street Corp now owns 223,562 shares of the industrial products company’s stock worth $3,640,000 after buying an additional 1,545 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Ascent Capital Group by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 838,838 shares of the industrial products company’s stock worth $13,640,000 after buying an additional 51,428 shares during the period. Teachers Advisors LLC raised its stake in shares of Ascent Capital Group by 21.7% in the fourth quarter. Teachers Advisors LLC now owns 21,381 shares of the industrial products company’s stock worth $348,000 after buying an additional 3,808 shares during the period. First Manhattan Co. raised its stake in shares of Ascent Capital Group by 14.5% in the first quarter. First Manhattan Co. now owns 14,566 shares of the industrial products company’s stock worth $337,000 after buying an additional 1,842 shares during the period. Finally, Strs Ohio raised its stake in shares of Ascent Capital Group by 10.1% in the first quarter. Strs Ohio now owns 40,300 shares of the industrial products company’s stock worth $569,000 after buying an additional 3,700 shares during the period. 82.33% of the stock is currently owned by institutional investors.

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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