Shares of Ascent Capital Group, Inc. (NASDAQ:ASCMA) have earned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.

Brokerages have set a 1 year consensus price objective of $14.75 for the company and are predicting that the company will post ($2.26) earnings per share for the current quarter, according to Zacks. Zacks has also given Ascent Capital Group an industry rank of 42 out of 265 based on the ratings given to its competitors.

ASCMA has been the topic of a number of research reports. Zacks Investment Research upgraded Ascent Capital Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Piper Jaffray Companies set a $14.00 price objective on Ascent Capital Group and gave the stock a “hold” rating in a report on Thursday, August 10th. ValuEngine upgraded Ascent Capital Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Finally, Imperial Capital increased their price objective on Ascent Capital Group from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Thursday, July 6th.

Ascent Capital Group (NASDAQ:ASCMA) last issued its earnings results on Wednesday, August 9th. The industrial products company reported ($3.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.90) by ($1.68). The business had revenue of $140.50 million during the quarter, compared to analyst estimates of $142.68 million. Ascent Capital Group had a negative net margin of 19.15% and a negative return on equity of 46.93%.

In other Ascent Capital Group news, Director Michael J. Pohl sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $11.93, for a total transaction of $29,825.00. Following the transaction, the director now owns 17,927 shares in the company, valued at $213,869.11. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 9.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Zacks Investment Management grew its holdings in Ascent Capital Group by 0.8% during the second quarter. Zacks Investment Management now owns 11,691 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 97 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Ascent Capital Group by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 56,060 shares of the industrial products company’s stock valued at $862,000 after purchasing an additional 687 shares during the last quarter. Strs Ohio boosted its position in shares of Ascent Capital Group by 1.7% in the second quarter. Strs Ohio now owns 41,000 shares of the industrial products company’s stock valued at $629,000 after acquiring an additional 700 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of Ascent Capital Group by 2.1% in the second quarter. Thrivent Financial For Lutherans now owns 53,710 shares of the industrial products company’s stock valued at $825,000 after acquiring an additional 1,090 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Ascent Capital Group by 4.5% in the first quarter. Parametric Portfolio Associates LLC now owns 59,736 shares of the industrial products company’s stock valued at $844,000 after acquiring an additional 2,546 shares during the period. Institutional investors own 79.48% of the company’s stock.

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About Ascent Capital Group

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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