Ascent Capital Group, Inc. (ASCMA) Rating Increased to Outperform at Imperial Capital

Ascent Capital Group, Inc. (NASDAQ:ASCMA) was upgraded by analysts at Imperial Capital from an “in-line” rating to an “outperform” rating in a report released on Friday.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Ascent Capital Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine lowered shares of Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research note on Monday, August 7th. Finally, Piper Jaffray Companies set a $14.00 price target on shares of Ascent Capital Group and gave the company a “hold” rating in a research note on Thursday, August 10th.

Ascent Capital Group (NASDAQ:ASCMA) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($3.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.90) by ($1.68). The company had revenue of $140.50 million during the quarter, compared to analysts’ expectations of $142.68 million. Ascent Capital Group had a negative net margin of 19.68% and a negative return on equity of 51.95%.

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In other news, Director Michael J. Pohl sold 2,500 shares of the stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $11.93, for a total value of $29,825.00. Following the completion of the sale, the director now directly owns 17,927 shares in the company, valued at $213,869.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.60% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Zacks Investment Management boosted its stake in shares of Ascent Capital Group by 0.8% in the second quarter. Zacks Investment Management now owns 11,691 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 97 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Ascent Capital Group by 1.2% during 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 in the last quarter. Strs Ohio raised its stake in shares of Ascent Capital Group by 1.7% during 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 in the last quarter. Thrivent Financial For Lutherans raised its stake in shares of Ascent Capital Group by 2.1% during 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 in the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Ascent Capital Group by 4.5% during 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 in the last quarter. 79.48% of the stock is 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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