Imperial Capital upgraded shares of Ascent Capital Group, Inc. (NASDAQ:ASCMA) from an in-line rating to an outperform rating in a report released on Friday, MarketBeat Ratings reports. Imperial Capital currently has $13.00 target price on the industrial products company’s stock, down from their prior target price of $13.50.

A number of other analysts also recently commented on ASCMA. Zacks Investment Research upgraded shares of Ascent Capital Group from a sell rating to a hold rating in a research report on Tuesday, July 11th. Piper Jaffray Companies set a $14.00 price target on shares of Ascent Capital Group and gave the stock a hold rating in a research report on Thursday, August 10th. Finally, ValuEngine upgraded shares of Ascent Capital Group from a strong sell rating to a sell rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Ascent Capital Group presently has a consensus rating of Hold and an average target price of $14.33.

Shares of Ascent Capital Group (ASCMA) traded down $0.15 during trading hours on Friday, reaching $12.80. 10,996 shares of the company traded hands, compared to its average volume of 83,458. Ascent Capital Group has a 12-month low of $8.87 and a 12-month high of $21.29. The company has a debt-to-equity ratio of 11.96, a quick ratio of 1.34 and a current ratio of 1.34.

Ascent Capital Group (NASDAQ:ASCMA) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($3.58) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.90) by ($1.68). The firm had revenue of $140.50 million during the quarter, compared to the consensus estimate of $142.68 million. Ascent Capital Group had a negative net margin of 19.68% and a negative return on equity of 56.10%. research analysts expect that Ascent Capital Group will post -9.68 earnings per share for the current fiscal year.

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In other Ascent Capital Group news, Director Michael J. Pohl sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $11.93, for a total transaction of $29,825.00. Following the sale, the director now directly owns 17,927 shares in the company, valued at approximately $213,869.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.60% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Zacks Investment Management grew its stake in shares of Ascent Capital Group by 0.8% in the 2nd quarter. Zacks Investment Management now owns 11,691 shares of the industrial products company’s stock worth $180,000 after purchasing an additional 97 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Ascent Capital Group by 1.2% in 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 during the last quarter. Strs Ohio grew its stake in shares of Ascent Capital Group by 1.7% in the 2nd quarter. Strs Ohio now owns 41,000 shares of the industrial products company’s stock worth $629,000 after purchasing an additional 700 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Ascent Capital Group by 2.1% in 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 during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Ascent Capital Group by 4.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 59,736 shares of the industrial products company’s stock worth $844,000 after purchasing an additional 2,546 shares during the last quarter. 79.40% 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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