Ascent Capital Group (ASCMA) Earning Somewhat Favorable News Coverage, Report Shows
Media stories about Ascent Capital Group (NASDAQ:ASCMA) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ascent Capital Group earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.2524950483485 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- MONI Smart Security Will Offer Professional Monitoring For Nest Secure Exclusively At Launch (finance.yahoo.com)
- Ascent Capital Group, Inc. (ASCMA) Expected to Post Quarterly Sales of $139.38 Million (americanbankingnews.com)
- ASCENT CAPITAL GROUP, INC. : Change in Directors or Principal Officers (form 8-K) (4-traders.com)
- Ascent Capital Group, Inc. (ASCMA) Expected to Post Earnings of -$2.19 Per Share (americanbankingnews.com)
Ascent Capital Group (NASDAQ ASCMA) traded down 0.95% on Monday, reaching $11.48. The company’s stock had a trading volume of 30,183 shares. The firm’s 50-day moving average price is $11.69 and its 200 day moving average price is $13.84. Ascent Capital Group has a 52-week low of $8.87 and a 52-week high of $24.75. The company’s market cap is $139.69 million.
Ascent Capital Group (NASDAQ:ASCMA) last issued 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 the consensus estimate of $142.68 million. Ascent Capital Group had a negative return on equity of 46.93% and a negative net margin of 19.15%. Equities analysts anticipate that Ascent Capital Group will post ($9.68) EPS for the current fiscal year.
A number of research firms have weighed in on ASCMA. Zacks Investment Research upgraded Ascent Capital Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine downgraded Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research note on Monday, August 7th. Piper Jaffray Companies set a $14.00 price target on Ascent Capital Group and gave the company a “hold” rating in a research note on Thursday, August 10th. Finally, Imperial Capital raised their price target on Ascent Capital Group from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, July 6th.
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In other news, major shareholder Opportunistic Value Fun Okumus sold 6,600 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $17.13, for a total value of $113,058.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Okumus Fund Management Ltd. sold 2,000 shares of the company’s stock in a transaction that occurred 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. Insiders have sold a total of 158,600 shares of company stock valued at $2,697,278 over the last three months. Corporate insiders own 8.65% of the company’s stock.
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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