Ascent Capital Group, Inc. (ASCMA) Receives Hold Rating from Stifel Nicolaus
Stifel Nicolaus restated their hold rating on shares of Ascent Capital Group, Inc. (NASDAQ:ASCMA) in a research report sent to investors on Friday morning. They currently have a $16.00 price objective on the industrial products company’s stock.
A number of other research firms have also commented on ASCMA. Imperial Capital increased their price target on Ascent Capital Group from $15.00 to $17.00 and gave the stock an outperform rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded Ascent Capital Group from a sell rating to a hold rating in a research report on Tuesday, July 11th. ValuEngine lowered Ascent Capital Group from a sell rating to a strong sell rating in a research report on Monday, August 7th. Finally, Piper Jaffray Companies set a $14.00 price target on Ascent Capital Group and gave the stock a hold rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Ascent Capital Group currently has a consensus rating of Hold and a consensus target price of $14.33.
Ascent Capital Group (ASCMA) traded down $0.15 on Friday, hitting $12.80. 10,996 shares of the stock traded hands, compared to its average volume of 83,458. Ascent Capital Group has a 1 year low of $8.87 and a 1 year 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 released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($3.58) earnings per share for the quarter, missing the consensus estimate of ($1.90) by ($1.68). Ascent Capital Group had a negative net margin of 19.68% and a negative return on equity of 56.10%. The company had revenue of $140.50 million during the quarter, compared to the consensus estimate of $142.68 million. research analysts predict that Ascent Capital Group will post -9.68 EPS for the current fiscal year.
In other Ascent Capital Group news, Director Michael J. Pohl sold 2,500 shares of the stock in a transaction 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 in the company, valued at approximately $213,869.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.60% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Ascent Capital Group in the 1st quarter valued at $123,000. Cigna Investments Inc. New bought a new position in Ascent Capital Group in the 2nd quarter valued at $159,000. Zacks Investment Management boosted its position in 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 buying an additional 97 shares during the last quarter. First Quadrant L P CA bought a new position in Ascent Capital Group in the 2nd quarter valued at $270,000. Finally, Teachers Advisors LLC boosted its position in Ascent Capital Group by 14.2% in the 2nd quarter. Teachers Advisors LLC now owns 23,260 shares of the industrial products company’s stock valued at $357,000 after buying an additional 2,892 shares during the last quarter. Hedge funds and other institutional investors own 79.40% of the company’s stock.
Ascent Capital Group Company Profile
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.
Receive News & Ratings for Ascent Capital Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascent Capital Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.