Ascent Capital Group (NASDAQ:ASCMA) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, February 26th. Analysts expect the company to announce earnings of ($2.22) per share for the quarter.
Ascent Capital Group (NASDAQ:ASCMA) opened at $6.50 on Friday. The firm has a market cap of $82.97, a P/E ratio of -0.71 and a beta of 1.37. Ascent Capital Group has a 12-month low of $6.22 and a 12-month high of $17.84. The company has a debt-to-equity ratio of 11.96, a current ratio of 1.34 and a quick ratio of 1.34.
Several research firms have recently commented on ASCMA. ValuEngine downgraded shares of Ascent Capital Group from a “sell” rating to a “strong sell” rating in a report on Monday, February 5th. Zacks Investment Research downgraded shares of Ascent Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Imperial Capital raised shares of Ascent Capital Group from an “in-line” rating to an “outperform” rating and lowered their target price for the stock from $13.50 to $13.00 in a report on Friday, November 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $16.00 target price on shares of Ascent Capital Group in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $14.00.
In other news, major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $11.00, for a total value of $9,460,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 863,908 shares of company stock worth $9,505,606 in the last three months. Insiders own 9.60% of the company’s stock.
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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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