Ascent Capital Group Inc Series A (ASCMA) Reaches New 12-Month Low at $0.95

Shares of Ascent Capital Group Inc Series A (NASDAQ:ASCMA) reached a new 52-week low during trading on Monday . The stock traded as low as $0.95 and last traded at $0.99, with a volume of 753 shares changing hands. The stock had previously closed at $1.01.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Ascent Capital Group Inc Series A from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. ValuEngine upgraded shares of Ascent Capital Group Inc Series A from a “hold” rating to a “buy” rating in a research report on Thursday, September 6th.

The stock has a market capitalization of $12.80 million, a price-to-earnings ratio of -0.11 and a beta of 1.67. The company has a debt-to-equity ratio of -12.96, a quick ratio of 1.34 and a current ratio of 1.34.

Ascent Capital Group Inc Series A (NASDAQ:ASCMA) last issued its earnings results on Thursday, August 2nd. The industrial products company reported ($2.43) EPS for the quarter, topping analysts’ consensus estimates of ($3.08) by $0.65. Ascent Capital Group Inc Series A had a negative net margin of 59.27% and a negative return on equity of 166.55%. The company had revenue of $135.01 million for the quarter, compared to the consensus estimate of $134.21 million. research analysts forecast that Ascent Capital Group Inc Series A will post -9.86 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. LMR Partners LLP purchased a new stake in shares of Ascent Capital Group Inc Series A in the 2nd quarter valued at approximately $110,000. Paloma Partners Management Co purchased a new stake in shares of Ascent Capital Group Inc Series A in the 2nd quarter valued at approximately $151,000. Deutsche Bank AG raised its stake in shares of Ascent Capital Group Inc Series A by 137.1% in the 4th quarter. Deutsche Bank AG now owns 24,851 shares of the industrial products company’s stock valued at $284,000 after acquiring an additional 14,371 shares during the period. Millennium Management LLC purchased a new stake in shares of Ascent Capital Group Inc Series A in the 2nd quarter valued at approximately $723,000. Finally, AEGON USA Investment Management LLC purchased a new stake in shares of Ascent Capital Group Inc Series A in the 1st quarter valued at approximately $1,138,000. 70.68% of the stock is currently owned by institutional investors and hedge funds.

About Ascent Capital Group Inc Series A (NASDAQ:ASCMA)

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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