Ascent Capital Group Inc. (NASDAQ:ASCMA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Ascent Capital Group, Inc. is a holding company and its assets primarily consist of its wholly-owned subsidiary, Monitronics International, Inc. The Company provides security alarm monitoring and related services to residential and business subscribers throughout the United States and parts of Canada. Monitronics monitors signals arising from burglaries, fires and other events through security systems at subscribers’ premises. Ascent Capital Group, Inc., formerly known as Ascent Media Corporation, is based in Englewood, Colorado. “

Several other brokerages have also weighed in on ASCMA. Imperial Capital lowered shares of Ascent Capital Group from an “outperform” rating to an “in-line” rating and set a $20.00 target price for the company. in a research note on Wednesday, June 22nd. BB&T Corp. started coverage on shares of Ascent Capital Group in a research note on Thursday, June 16th. They set a “hold” rating for the company.

Ascent Capital Group (NASDAQ:ASCMA) traded down 2.57% on Tuesday, hitting $22.39. 65,195 shares of the company traded hands. The stock’s 50-day moving average is $22.54 and its 200 day moving average is $18.26. Ascent Capital Group has a 12 month low of $7.77 and a 12 month high of $29.42. The firm’s market capitalization is $276.83 million.

In other news, VP William E. Niles sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $23.36, for a total value of $35,040.00. Following the completion of the transaction, the vice president now owns 61,908 shares of the company’s stock, valued at $1,446,170.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.65% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Ascent Capital Group by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 691,017 shares of the company’s stock valued at $10,635,000 after buying an additional 30,477 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Ascent Capital Group by 32.7% in the second quarter. JPMorgan Chase & Co. now owns 630,928 shares of the company’s stock valued at $9,710,000 after buying an additional 155,410 shares during the period. Brigade Capital Management LP purchased a new stake in shares of Ascent Capital Group during the first quarter valued at $8,727,000. First Republic Investment Management Inc. boosted its stake in shares of Ascent Capital Group by 100.0% in the first quarter. First Republic Investment Management Inc. now owns 221,396 shares of the company’s stock valued at $3,279,000 after buying an additional 110,681 shares during the period. Finally, Bogle Investment Management L P DE boosted its stake in shares of Ascent Capital Group by 56.7% in the first quarter. Bogle Investment Management L P DE now owns 113,037 shares of the company’s stock valued at $1,674,000 after buying an additional 40,879 shares during the period. 84.46% of the stock is currently owned by hedge funds and other institutional investors.

About Ascent Capital Group

Ascent Capital Group, Inc is a holding company. The Company’s segments include Monitronics, LiveWatch and Other Activities. The Company’s subsidiaries include Monitronics International, Inc (Monitronics) and LiveWatch Security, LLC (LiveWatch). Monitronics provides a range of residential security services, including hands-free two-way interactive voice communication with the monitoring center, cellular options, and an interactive service option, which allows the customer to control their security system remotely using a computer or smart phone.

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