Zacks Investment Research Lowers Ascent Capital Group Inc Series A (ASCMA) to Sell

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

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 report on Thursday, September 6th.

Shares of NASDAQ:ASCMA opened at $0.78 on Monday. Ascent Capital Group Inc Series A has a 12-month low of $0.70 and a 12-month high of $12.79. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 17.72.

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

Institutional investors have recently modified their holdings of the company. LMR Partners LLP bought a new stake in shares of Ascent Capital Group Inc Series A during the 2nd quarter worth approximately $110,000. Paloma Partners Management Co bought a new position in Ascent Capital Group Inc Series A in the 2nd quarter valued at approximately $151,000. Millennium Management LLC bought a new position in Ascent Capital Group Inc Series A in the 2nd quarter valued at approximately $723,000. Renaissance Technologies LLC lifted its stake in Ascent Capital Group Inc Series A by 4.3% in the 2nd quarter. Renaissance Technologies LLC now owns 936,200 shares of the industrial products company’s stock valued at $2,631,000 after purchasing an additional 38,800 shares during the last quarter. Finally, Nantahala Capital Management LLC lifted its stake in Ascent Capital Group Inc Series A by 44.0% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,644,260 shares of the industrial products company’s stock valued at $4,620,000 after purchasing an additional 502,075 shares during the last quarter. 66.98% of the stock is owned by institutional investors.

Ascent Capital Group Inc Series A Company Profile

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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