Headlines about Ascent Capital Group (NASDAQ:ASCMA) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ascent Capital Group earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.3409016832742 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
ASCMA has been the topic of several 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. Zacks Investment Research upgraded shares of Ascent Capital Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Imperial Capital downgraded shares of Ascent Capital Group from an “outperform” rating to an “in-line” rating and decreased their price target for the stock from $17.00 to $13.50 in a research report on Friday, August 11th. Finally, ValuEngine upgraded shares of Ascent Capital Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.
Ascent Capital Group (NASDAQ ASCMA) traded up 2.62% on Wednesday, reaching $10.20. 16,541 shares of the company’s stock traded hands. The stock’s market cap is $124.11 million. Ascent Capital Group has a 12-month low of $8.87 and a 12-month high of $24.75. The stock has a 50 day moving average price of $12.87 and a 200 day moving average price of $14.09.
Ascent Capital Group (NASDAQ:ASCMA) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($3.58) EPS for the quarter, missing the consensus estimate of ($1.90) by ($1.68). The business 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 19.15% and a negative return on equity of 46.93%. Analysts forecast that Ascent Capital Group will post ($9.68) EPS for the current year.
In other news, major shareholder Opportunistic Value Fun Okumus sold 150,000 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $17.00, for a total value of $2,550,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Okumus Fund Management Ltd. sold 2,000 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $17.11, for a total transaction of $34,220.00. The disclosure for this sale can be found here. Insiders sold a total of 158,600 shares of company stock worth $2,697,278 over the last ninety days. Insiders own 8.65% of the company’s stock.
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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.
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