Ascent Capital Group Inc. (NASDAQ:ASCMA) insider Michael R. Meyers sold 5,407 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $19.77, for a total value of $106,896.39. Following the completion of the transaction, the insider now directly owns 50,890 shares in the company, valued at $1,006,095.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Ascent Capital Group Inc. (NASDAQ:ASCMA) traded down 0.20% during mid-day trading on Thursday, reaching $19.68. The company had a trading volume of 63,982 shares. The company’s market capitalization is $234.98 billion. Ascent Capital Group Inc. has a 52 week low of $7.77 and a 52 week high of $26.16. The stock has a 50 day moving average of $21.39 and a 200-day moving average of $19.37.

Insider Buying and Selling by Quarter for Ascent Capital Group (NASDAQ:ASCMA)

ASCMA has been the topic of several recent research reports. Zacks Investment Research downgraded Ascent Capital Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Imperial Capital raised their price objective on Ascent Capital Group from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Thursday, August 11th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in 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 last quarter. First Republic Investment Management Inc. increased its stake in 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 last quarter. Bridgeway Capital Management Inc. increased its stake in Ascent Capital Group by 291.3% in the second quarter. Bridgeway Capital Management Inc. now owns 85,300 shares of the company’s stock valued at $1,313,000 after buying an additional 63,500 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in Ascent Capital Group during the second quarter valued at $810,000. Finally, Emerald Acquisition Ltd. purchased a new stake in Ascent Capital Group during the second quarter valued at $801,000. 84.64% of the stock is currently owned by institutional investors.

Ascent Capital Group Company Profile

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.

5 Day Chart for NASDAQ:ASCMA

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