Ascent Capital Group, Inc. (NASDAQ:ASCMA) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $10.05 and last traded at $10.05, with a volume of 19,702 shares traded. The stock had previously closed at $10.61.

Several research analysts have recently weighed in on the company. Piper Jaffray Companies set a $14.00 price objective on Ascent Capital Group and gave the stock a “hold” rating in a research report on Thursday, August 10th. Imperial Capital lifted their price objective on Ascent Capital Group from $15.00 to $17.00 and gave the stock an “outperform” rating in a research report on Thursday, July 6th. Zacks Investment Research lowered Ascent Capital Group from a “hold” rating to a “sell” rating in a research report on Friday, May 12th. Finally, ValuEngine lowered Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday, August 7th.

The firm has a 50-day moving average of $14.90 and a 200-day moving average of $14.61. The firm’s market capitalization is $122.90 million.

Ascent Capital Group (NASDAQ:ASCMA) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($3.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.90) by $1.68. The company 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%. On average, equities research analysts predict that Ascent Capital Group, Inc. will post ($9.68) earnings per share for the current year.

In other news, major shareholder Okumus Fund Management Ltd. sold 2,000 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $17.11, for a total value of $34,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Opportunistic Value Fun Okumus sold 150,000 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $17.00, for a total transaction of $2,550,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 158,600 shares of company stock valued at $2,697,278. 8.65% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of ASCMA. Bank of Nova Scotia acquired a new stake in Ascent Capital Group during the second quarter valued at approximately $538,000. State Street Corp raised its stake in Ascent Capital Group by 3.0% in the second quarter. State Street Corp now owns 228,283 shares of the industrial products company’s stock valued at $3,504,000 after buying an additional 6,682 shares in the last quarter. Zacks Investment Management raised its stake in Ascent Capital Group by 0.8% in the second quarter. Zacks Investment Management now owns 11,691 shares of the industrial products company’s stock valued at $180,000 after buying an additional 97 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ascent Capital Group by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 910,391 shares of the industrial products company’s stock valued at $13,984,000 after buying an additional 27,162 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Ascent Capital Group by 1.3% in the second quarter. Renaissance Technologies LLC now owns 914,700 shares of the industrial products company’s stock valued at $14,050,000 after buying an additional 11,500 shares in the last quarter. Institutional investors and hedge funds own 82.09% 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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