The stock of Ascent Capital Group Inc (NASDAQ:ASCMA) is a huge mover today! The stock increased 7.42% or $1.6 during the last trading session, hitting $23.17. About 131,089 shares traded hands or 44.36% up from the average. Ascent Capital Group Inc (NASDAQ:ASCMA) has risen 55.52% since February 26, 2016 and is uptrending. It has outperformed by 45.09% the S&P500.
The move comes after 7 months positive chart setup for the $291.06M company. It was reported on Sep, 30 by Barchart.com. We have $55.14 PT which if reached, will make NASDAQ:ASCMA worth $401.66M more.
Analysts await Ascent Capital Group Inc (NASDAQ:ASCMA) to report earnings on November, 14. They expect $-1.10 earnings per share, up 47.62% or $1.00 from last year’s $-2.1 per share. After $-1.80 actual earnings per share reported by Ascent Capital Group Inc for the previous quarter, Wall Street now forecasts -38.89% EPS growth.
Ascent Capital Group Inc (NASDAQ:ASCMA) Ratings Coverage
Out of 4 analysts covering Ascent Capital Group Inc (NASDAQ:ASCMA), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Ascent Capital Group Inc has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of Ascent Capital Group Inc (NASDAQ:ASCMA) earned “In-Line” rating by Imperial Capital on Thursday, August 11. The rating was maintained by Imperial Capital with “Outperform” on Thursday, November 12. The stock has “Sell” rating given by Zacks on Wednesday, September 2. The stock of Ascent Capital Group Inc (NASDAQ:ASCMA) earned “In-Line” rating by Imperial Capital on Wednesday, June 22. On Thursday, June 16 the stock rating was initiated by BB&T Capital with “Hold”.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.79, from 1.58 in 2016Q1. The ratio worsened, as 13 funds sold all Ascent Capital Group Inc shares owned while 39 reduced positions. 13 funds bought stakes while 28 increased positions. They now own 9.87 million shares or 6.88% less from 10.60 million shares in 2016Q1.
Jacobs Levy Equity Mngmt Inc owns 55,870 shares or 0.02% of their US portfolio. Grp Inc One Trading Limited Partnership has invested 0% of its portfolio in Ascent Capital Group Inc (NASDAQ:ASCMA). Bartlett Limited Liability Company last reported 1,320 shares in the company. Whittier Tru has 2 shares for 0% of their US portfolio. First Manhattan Com last reported 0% of its portfolio in the stock. Parametric Assoc Ltd Co has invested 0% of its portfolio in Ascent Capital Group Inc (NASDAQ:ASCMA). Brigade Management Limited Partnership accumulated 0.34% or 140,000 shares. Zacks Inv Management accumulated 0.01% or 12,956 shares. Blackrock Fund reported 263,527 shares or 0% of all its holdings. Moreover, Springbok Capital Lc has 0.02% invested in Ascent Capital Group Inc (NASDAQ:ASCMA) for 7,566 shares. Rhumbline Advisers has 0% invested in the company for 17,462 shares. Savings Bank Of America Corporation De accumulated 24,463 shares or 0% of the stock. Winslow Evans And Crocker Incorporated reported 102 shares or 0% of all its holdings. Vnbtrust National Association accumulated 0.67% or 74,799 shares. California State Teachers Retirement Sys accumulated 21,398 shares or 0% of the stock.
Insider Transactions: Since April 1, 2016, the stock had 0 insider buys, and 5 sales for $135,037 net activity. $25,275 worth of shares were sold by NILES WILLIAM E on Monday, August 1.
More notable recent Ascent Capital Group Inc (NASDAQ:ASCMA) news were published by: Marketwatch.com which released: “Ascent Capital Group Inc. Series A” on January 21, 2011, also Nasdaq.com with their article: “Ascent Capital Group to Report Second Quarter 2016 Results on August 9, 2016” published on August 02, 2016, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. More interesting news about Ascent Capital Group Inc (NASDAQ:ASCMA) were released by: Thestreet.com and their article: “Ascent Capital Group (ASCMA) Downgraded From Hold to Sell” published on December 04, 2014 as well as Seekingalpha.com‘s news article titled: “Ascent Capital Group’s (ASCMA) CEO William Fitzgerald on Q2 2016 Results …” with publication date: August 10, 2016.
ASCMA Company Profile
Ascent Capital Group, Inc., incorporated on May 29, 2008, is a holding company. The Company’s divisions include Monitronics, LiveWatch and Other Activities. The Company’s subsidiaries include Monitronics International, Inc. (Monitronics) and LiveWatch Security, LLC (LiveWatch). Monitronics provides a range of residential security services, including hands-free two-way interactive voice communication with the monitoring center, cellular options, and an interactive service option, which allows the customer to control their security system remotely using a computer or smart phone. Monitronics performs monitoring services for subscribers located in all 50 states, the District of Columbia, Puerto Rico and Canada.
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