Zacks Investment Research lowered shares of Ascent Capital Group Inc Series A (NASDAQ:ASCMA) from a hold rating to a sell rating in a report issued on Monday morning.

According to Zacks, “Ascent Capital Group, Inc. is a holding company and its assets primarily consist of its wholly-owned subsidiary, Monitronics International, Inc. The Company provides security alarm monitoring and related services to residential and business subscribers throughout the United States and parts of Canada. Monitronics monitors signals arising from burglaries, fires and other events through security systems at subscribers’ premises. Ascent Capital Group, Inc., formerly known as Ascent Media Corporation, is based in Englewood, Colorado. “

Separately, ValuEngine upgraded shares of Ascent Capital Group Inc Series A from a hold rating to a buy rating in a research note on Thursday, September 6th.

ASCMA opened at $0.85 on Monday. The company has a market cap of $10.57 million, a PE ratio of -0.10 and a beta of 2.05. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 17.72. Ascent Capital Group Inc Series A has a twelve month low of $0.76 and a twelve month high of $12.79.

Ascent Capital Group Inc Series A (NASDAQ:ASCMA) last released its quarterly earnings results on Monday, November 5th. The industrial products company reported ($3.24) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($2.52) by ($0.72). The business had revenue of $137.16 million for the quarter, compared to the consensus estimate of $136.67 million. Ascent Capital Group Inc Series A had a negative net margin of 61.42% and a negative return on equity of 166.55%. As a group, analysts anticipate that Ascent Capital Group Inc Series A will post -11.85 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC purchased a new position in Ascent Capital Group Inc Series A during the second quarter worth approximately $723,000. Paloma Partners Management Co purchased a new position in Ascent Capital Group Inc Series A during the second quarter worth approximately $151,000. Nantahala Capital Management LLC lifted its position in Ascent Capital Group Inc Series A by 44.0% during the second quarter. Nantahala Capital Management LLC now owns 1,644,260 shares of the industrial products company’s stock worth $4,620,000 after buying an additional 502,075 shares in the last quarter. Renaissance Technologies LLC lifted its position in Ascent Capital Group Inc Series A by 4.3% during the second quarter. Renaissance Technologies LLC now owns 936,200 shares of the industrial products company’s stock worth $2,631,000 after buying an additional 38,800 shares in the last quarter. Finally, LMR Partners LLP acquired a new stake in Ascent Capital Group Inc Series A during the second quarter worth $110,000. Hedge funds and other institutional investors own 66.98% of the company’s stock.

About Ascent Capital Group Inc Series A

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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