Media stories about Ascent Capital Group (NASDAQ:ASCMA) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ascent Capital Group earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.1801472019459 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- Ascent Capital Group, Inc. (ASCMA) Major Shareholder Sells $9,460,000.00 in Stock (americanbankingnews.com)
- MONI Smart Security Announces Renewed Relationship with Skyline Smart Home Protection (finance.yahoo.com)
- Ascent Capital Group, Inc. (ASCMA) VP Sells $22,041.12 in Stock (americanbankingnews.com)
- Professional monitoring for Nest Secure systems now available from MONI Smart Security (securityinfowatch.com)
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Ascent Capital Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Imperial Capital upgraded Ascent Capital Group from an “in-line” rating to an “outperform” rating and dropped their price objective for the stock from $13.50 to $13.00 in a research note on Friday, November 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $16.00 price objective on shares of Ascent Capital Group in a research note on Friday, November 3rd. Finally, ValuEngine upgraded Ascent Capital Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Ascent Capital Group has a consensus rating of “Hold” and an average target price of $14.33.
In other news, Director Michael J. Pohl sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $11.93, for a total value of $29,825.00. Following the transaction, the director now directly owns 17,927 shares of the company’s stock, valued at approximately $213,869.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $11.00, for a total value of $9,460,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 868,362 shares of company stock worth $9,558,098. Corporate insiders own 9.60% of the company’s stock.
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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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