Ascent Capital Group Inc Series A (ASCMA) Upgraded to “Buy” by ValuEngine

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ValuEngine upgraded shares of Ascent Capital Group Inc Series A (NASDAQ:ASCMA) from a hold rating to a buy rating in a research report report published on Thursday morning.

ASCMA has been the topic of a number of other research reports. Stifel Nicolaus cut their price objective on shares of Ascent Capital Group Inc Series A from $11.00 to $9.00 and set a hold rating on the stock in a report on Wednesday, May 9th. Zacks Investment Research upgraded shares of Ascent Capital Group Inc Series A from a sell rating to a hold rating and set a $4.50 price objective on the stock in a report on Tuesday, July 10th.

NASDAQ:ASCMA opened at $2.09 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of -12.96. The firm has a market cap of $26.73 million, a P/E ratio of -0.24 and a beta of 1.67. Ascent Capital Group Inc Series A has a twelve month low of $1.68 and a twelve month high of $14.15.

Ascent Capital Group Inc Series A (NASDAQ:ASCMA) last posted its earnings results on Thursday, August 2nd. The industrial products company reported ($2.43) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.08) by $0.65. The business had revenue of $135.01 million for the quarter, compared to analyst estimates of $134.21 million. Ascent Capital Group Inc Series A had a negative net margin of 59.27% and a negative return on equity of 166.55%. sell-side analysts forecast that Ascent Capital Group Inc Series A will post -9.86 EPS for the current year.

Hedge funds have recently modified their holdings of the business. LMR Partners LLP bought a new stake in shares of Ascent Capital Group Inc Series A in the 2nd quarter worth about $110,000. Schwab Charles Investment Management Inc. grew its position in shares of Ascent Capital Group Inc Series A by 63.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 377,916 shares of the industrial products company’s stock valued at $1,391,000 after buying an additional 147,375 shares during the last quarter. Deutsche Bank AG grew its position in shares of Ascent Capital Group Inc Series A by 137.1% during the 4th quarter. Deutsche Bank AG now owns 24,851 shares of the industrial products company’s stock valued at $284,000 after buying an additional 14,371 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ascent Capital Group Inc Series A by 7.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 993,671 shares of the industrial products company’s stock valued at $3,657,000 after buying an additional 64,960 shares during the last quarter. Finally, AEGON USA Investment Management LLC bought a new stake in shares of Ascent Capital Group Inc Series A during the 1st quarter valued at about $1,138,000. Hedge funds and other institutional investors own 70.74% of the company’s stock.

About Ascent Capital Group Inc Series A

Ascent Capital Group, Inc, through its subsidiary, Monitronics International, Inc, provides security alarm monitoring services to residential and commercial customers in the United States, Canada, the District of Columbia, and Puerto Rico. The company provides monitoring services for alarm signals arising from burglaries, fires, medical alerts, and other events through security systems at customers' premises.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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