Ascent Capital Group (ASCMA) Given Daily News Impact Rating of 0.21
News headlines about Ascent Capital Group (NASDAQ:ASCMA) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ascent Capital Group earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.4026930234393 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Ascent Capital Group (NASDAQ:ASCMA) traded up 2.76% during midday trading on Friday, hitting $13.04. The stock had a trading volume of 65,306 shares. The company’s market cap is $158.67 million. Ascent Capital Group has a 52 week low of $8.87 and a 52 week high of $24.75. The stock’s 50 day moving average price is $11.69 and its 200-day moving average price is $13.84.
Ascent Capital Group (NASDAQ:ASCMA) last posted its earnings results on Wednesday, August 9th. The industrial products company reported ($3.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.90) by ($1.68). The business 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 19.15% and a negative return on equity of 46.93%. Equities research analysts predict that Ascent Capital Group will post ($9.68) earnings per share for the current year.
ASCMA has been the topic of a number of recent research reports. Piper Jaffray Companies set a $14.00 target price on shares of Ascent Capital Group and gave the stock a “hold” rating in a report on Thursday, August 10th. ValuEngine raised shares of Ascent Capital Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Imperial Capital raised their target price on shares of Ascent Capital Group from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research raised shares of Ascent Capital Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th.
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In other Ascent Capital Group news, major shareholder Okumus Fund Management Ltd. sold 2,000 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $17.11, for a total transaction of $34,220.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael J. Pohl sold 2,500 shares of the company’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 sale, the director now directly owns 17,927 shares in the company, valued at $213,869.11. The disclosure for this sale can be found here. Insiders have sold 161,100 shares of company stock worth $2,727,103 over the last ninety days. Insiders own 8.65% of the company’s stock.
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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