Ascent Capital Group, Inc. (NASDAQ:ASCMA) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $11.47 and last traded at $11.48, with a volume of 41,283 shares. The stock had previously closed at $12.17.

Several research analysts have recently weighed in on ASCMA shares. Imperial Capital cut shares of Ascent Capital Group from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $17.00 to $14.00 in a research report on Friday. Piper Jaffray Companies set a $14.00 price target on shares of Ascent Capital Group and gave the company a “hold” rating in a research report on Thursday. ValuEngine cut shares of Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday. Finally, Zacks Investment Research raised shares of Ascent Capital Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.

The stock’s market cap is $142.08 million. The firm’s 50-day moving average is $16.19 and its 200 day moving average is $14.96.

Ascent Capital Group (NASDAQ:ASCMA) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($3.58) EPS for the quarter, missing analysts’ consensus estimates of ($1.90) by $1.68. The company had revenue of $140.50 million for the quarter, compared to analyst estimates of $142.68 million. Ascent Capital Group had a negative net margin of 19.15% and a negative return on equity of 44.13%. Equities analysts expect that Ascent Capital Group, Inc. will post ($7.24) earnings per share for the current year.

In related news, major shareholder Opportunistic Value Fun Okumus sold 150,000 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $17.00, for a total transaction of $2,550,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Okumus Fund Management Ltd. sold 2,000 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $17.11, for a total value of $34,220.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 158,600 shares of company stock worth $2,697,278. Corporate insiders own 8.65% of the company’s stock.

A number of hedge funds have recently modified their holdings of ASCMA. Dimensional Fund Advisors LP raised its stake in shares of Ascent Capital Group by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 838,838 shares of the industrial products company’s stock worth $13,640,000 after buying an additional 51,428 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Ascent Capital Group by 103.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 86,938 shares of the industrial products company’s stock worth $1,336,000 after buying an additional 44,153 shares during the last quarter. Northern Trust Corp raised its stake in shares of Ascent Capital Group by 17.5% in the second quarter. Northern Trust Corp now owns 133,414 shares of the industrial products company’s stock worth $2,049,000 after buying an additional 19,918 shares during the last quarter. First Quadrant L P CA acquired a new stake in shares of Ascent Capital Group during the second quarter worth about $270,000. Finally, Alambic Investment Management L.P. raised its stake in shares of Ascent Capital Group by 29.4% in the first quarter. Alambic Investment Management L.P. now owns 58,747 shares of the industrial products company’s stock worth $830,000 after buying an additional 13,331 shares during the last quarter. 82.33% of the stock is currently owned by hedge funds and other institutional investors.

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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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