Dimensional Fund Advisors LP cut its position in Ascent Capital Group Inc (NASDAQ:ASCMA) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 889,697 shares of the industrial products company’s stock after selling 20,694 shares during the quarter. Dimensional Fund Advisors LP owned 7.22% of Ascent Capital Group worth $11,601,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake 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 worth $1,336,000 after purchasing an additional 44,153 shares in the last quarter. Bank of New York Mellon Corp grew its stake 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 worth $862,000 after purchasing an additional 687 shares in the last quarter. Teachers Advisors LLC grew its stake 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 worth $357,000 after purchasing an additional 2,892 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in Ascent Capital Group by 2.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 53,710 shares of the industrial products company’s stock worth $825,000 after purchasing an additional 1,090 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Ascent Capital Group by 17.5% during the 2nd quarter. Northern Trust Corp now owns 133,414 shares of the industrial products company’s stock worth $2,049,000 after purchasing an additional 19,918 shares in the last quarter. 80.40% of the stock is owned by institutional investors and hedge funds.
In other Ascent Capital Group news, major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of Ascent Capital Group stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $11.00, for a total transaction of $9,460,000.00. The sale was disclosed in a filing with the Securities Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 865,862 shares of company stock valued at $9,528,273 over the last ninety days. 9.60% of the stock is owned by company insiders.
Shares of Ascent Capital Group Inc (ASCMA) opened at $6.68 on Tuesday. The stock has a market capitalization of $84.08, a PE ratio of -0.74 and a beta of 1.37. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 11.96. Ascent Capital Group Inc has a fifty-two week low of $6.51 and a fifty-two week high of $17.84.
Several research analysts recently commented on ASCMA shares. Zacks Investment Research raised Ascent Capital Group from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Tuesday, January 2nd. Imperial Capital raised Ascent Capital Group from an “in-line” rating to an “outperform” rating and lowered their target price for the stock from $13.50 to $13.00 in a research note on Friday, November 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $16.00 price target on shares of Ascent Capital Group in a report on Friday, November 3rd. Finally, ValuEngine downgraded Ascent Capital Group from a “sell” rating to a “strong sell” rating in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.00.
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Ascent Capital Group 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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