Ascent Capital Group, Inc. (NASDAQ:ASCMA) has received a consensus broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus price objective of $14.50 for the company and are forecasting that the company will post ($2.26) EPS for the current quarter, according to Zacks. Zacks has also given Ascent Capital Group an industry rank of 51 out of 265 based on the ratings given to related companies.
ASCMA has been the subject of several recent research reports. Zacks Investment Research raised Ascent Capital Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Piper Jaffray Companies set a $14.00 price objective on Ascent Capital Group and gave the stock a “hold” rating in a report on Thursday, August 10th. ValuEngine raised Ascent Capital Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Imperial Capital upgraded Ascent Capital Group from an “in-line” rating to an “outperform” rating and decreased their target price for the stock from $13.50 to $13.00 in a research report on Friday. Finally, Stifel Nicolaus restated a “hold” rating and set a $16.00 target price on shares of Ascent Capital Group in a research report on Friday.
In other news, Director Michael J. Pohl sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $11.93, for a total transaction of $29,825.00. Following the completion of the transaction, the director now directly owns 17,927 shares in the company, valued at approximately $213,869.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.60% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL grew its position in shares of Ascent Capital Group by 2.2% in the 3rd quarter. Gamco Investors INC. ET AL now owns 734,286 shares of the industrial products company’s stock valued at $9,575,000 after purchasing an additional 16,085 shares during the period. Bank of Nova Scotia acquired a new position in shares of Ascent Capital Group in the 2nd quarter valued at approximately $538,000. State Street Corp grew its position in shares of Ascent Capital Group by 3.0% in the 2nd quarter. State Street Corp now owns 228,283 shares of the industrial products company’s stock valued at $3,504,000 after purchasing an additional 6,682 shares during the period. Zacks Investment Management grew its position 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 valued at $180,000 after purchasing an additional 97 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Ascent Capital Group by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 910,391 shares of the industrial products company’s stock valued at $13,984,000 after purchasing an additional 27,162 shares during the period. Institutional investors and hedge funds own 79.40% of the company’s stock.
Shares of Ascent Capital Group (NASDAQ:ASCMA) opened at $11.82 on Friday. Ascent Capital Group has a twelve month low of $8.87 and a twelve month high of $21.29. The company has a debt-to-equity ratio of 11.96, a current ratio of 1.34 and a quick ratio of 1.34.
Ascent Capital Group (NASDAQ:ASCMA) last announced 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 for the quarter, compared to the consensus estimate of $142.68 million. Ascent Capital Group had a negative return on equity of 56.10% and a negative net margin of 19.68%. research analysts anticipate that Ascent Capital Group will post -9.68 earnings per share for the current fiscal year.
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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