News stories about Ascent Capital Group (NASDAQ:ASCMA) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ascent Capital Group earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.9787209152881 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Ascent Capital Group, Inc. (NASDAQ:ASCMA) Downgraded to Sell at Zacks Investment Research (americanbankingnews.com)
- Ascent Capital Group, Inc. (NASDAQ:ASCMA) Expected to Post Quarterly Sales of $142.56 Million (americanbankingnews.com)
- Ascent Capital Group, Inc. (ASCMA) Cut to “In-Line” at Imperial Capital (americanbankingnews.com)
- Zacks: Brokerages Anticipate Ascent Capital Group, Inc. (NASDAQ:ASCMA) Will Announce Earnings of -$1.98 Per Share (americanbankingnews.com)
Shares of Ascent Capital Group (NASDAQ ASCMA) traded down 3.73% during trading on Friday, hitting $11.10. 68,950 shares of the stock traded hands. Ascent Capital Group has a 52-week low of $10.89 and a 52-week high of $26.16. The firm’s market cap is $135.06 million. The stock has a 50 day moving average of $15.57 and a 200 day moving average of $14.78.
Ascent Capital Group (NASDAQ:ASCMA) last released its earnings results on Wednesday, August 9th. The industrial products company reported ($3.58) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.90) by $1.68. Ascent Capital Group had a negative return on equity of 46.93% and a negative net margin of 19.15%. The firm had revenue of $140.50 million for the quarter, compared to analyst estimates of $142.68 million. Analysts expect that Ascent Capital Group will post ($9.68) EPS for the current year.
Several analysts recently commented on ASCMA shares. Imperial Capital cut their price objective on shares of Ascent Capital Group from $21.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, May 11th. Zacks Investment Research downgraded shares of Ascent Capital Group from a “hold” rating to a “sell” rating in a research report on Friday, May 12th. ValuEngine downgraded shares of Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday, August 7th. Finally, Piper Jaffray Companies set a $14.00 price objective on shares of Ascent Capital Group and gave the company a “hold” rating in a research report on Thursday, August 10th.
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In other Ascent Capital Group news, major shareholder Okumus Fund Management Ltd. sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $17.11, for a total value of $34,220.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Opportunistic Value Fun Okumus sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $17.00, for a total value of $2,550,000.00. The disclosure for this sale can be found here. Insiders have sold 158,600 shares of company stock valued at $2,697,278 in the last ninety days. 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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