Two Sigma Investments LP Buys New Position in Ascent Capital Group (ASCMA)

Two Sigma Investments LP bought a new stake in shares of Ascent Capital Group (NASDAQ:ASCMA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 54,850 shares of the industrial products company’s stock, valued at approximately $630,000.

Several other large investors also recently modified their holdings of ASCMA. Schwab Charles Investment Management Inc. lifted its stake in shares of Ascent Capital Group by 45.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 230,541 shares of the industrial products company’s stock valued at $2,649,000 after purchasing an additional 72,212 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Ascent Capital Group by 137.1% in the 4th quarter. Deutsche Bank AG now owns 24,851 shares of the industrial products company’s stock valued at $284,000 after purchasing an additional 14,371 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Ascent Capital Group in the 4th quarter valued at $163,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Ascent Capital Group by 1,894.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 10,392 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 9,871 shares during the last quarter. 85.35% of the stock is owned by institutional investors.

ASCMA has been the subject of several analyst reports. Zacks Investment Research raised shares of Ascent Capital Group from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Tuesday, January 2nd. ValuEngine lowered shares of Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research note on Monday, February 5th. Imperial Capital reaffirmed an “outperform” rating and issued a $10.00 price objective (down previously from $13.00) on shares of Ascent Capital Group in a research note on Tuesday, March 6th. Finally, Stifel Nicolaus cut their target price on shares of Ascent Capital Group from $13.00 to $11.00 and set a “hold” rating for the company in a research report on Thursday, March 15th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Ascent Capital Group currently has a consensus rating of “Hold” and a consensus target price of $9.69.



Ascent Capital Group stock opened at $3.94 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 12.46. Ascent Capital Group has a fifty-two week low of $3.30 and a fifty-two week high of $17.84.

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About Ascent Capital Group

Ascent Capital Group, Inc, through its subsidiary, Monitronics International, Inc, provides security alarm monitoring services to residential and commercial customers in the United States, Canada, the District of Columbia, and Puerto Rico. The company provides monitoring services for alarm signals arising from burglaries, fires, medical alerts, and other events through security systems at customers' premises.

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Institutional Ownership by Quarter for Ascent Capital Group (NASDAQ:ASCMA)

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