$137.52 Million in Sales Expected for Ascent Capital Group Inc (ASCMA) This Quarter

Wall Street analysts expect Ascent Capital Group Inc (NASDAQ:ASCMA) to report sales of $137.52 million for the current quarter, according to Zacks. Two analysts have issued estimates for Ascent Capital Group’s earnings, with estimates ranging from $135.76 million to $139.28 million. Ascent Capital Group posted sales of $140.68 million during the same quarter last year, which suggests a negative year over year growth rate of 2.2%. The company is expected to announce its next earnings report on Tuesday, February 27th.

On average, analysts expect that Ascent Capital Group will report full year sales of $137.52 million for the current fiscal year, with estimates ranging from $555.70 million to $559.19 million. For the next fiscal year, analysts anticipate that the company will post sales of $549.92 million per share, with estimates ranging from $539.31 million to $560.53 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Ascent Capital Group.

Several research analysts have commented on ASCMA shares. ValuEngine downgraded shares of Ascent Capital Group from a “sell” rating to a “strong sell” rating in a report on Monday, February 5th. Imperial Capital raised shares of Ascent Capital Group from an “in-line” rating to an “outperform” rating and cut their price target for the company from $13.50 to $13.00 in a report on Friday, November 3rd. Zacks Investment Research raised shares of Ascent Capital Group from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $16.00 price target on shares of Ascent Capital Group in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $14.00.

Ascent Capital Group (NASDAQ:ASCMA) opened at $6.82 on Monday. Ascent Capital Group has a fifty-two week low of $6.56 and a fifty-two week high of $17.84. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 11.96.

In other Ascent Capital Group news, major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $11.00, for a total value of $9,460,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 865,862 shares of company stock valued at $9,528,273. Insiders own 9.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of ASCMA. The Manufacturers Life Insurance Company raised its position in shares of Ascent Capital Group by 1,894.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 10,392 shares of the industrial products company’s stock valued at $119,000 after buying an additional 9,871 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Ascent Capital Group by 14.2% during the 2nd quarter. Teachers Advisors LLC now owns 23,260 shares of the industrial products company’s stock valued at $357,000 after buying an additional 2,892 shares in the last quarter. Bank of Nova Scotia purchased a new stake in shares of Ascent Capital Group during the 2nd quarter valued at $538,000. Bank of New York Mellon Corp raised its position in shares of Ascent Capital Group by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 56,060 shares of the industrial products company’s stock valued at $862,000 after buying an additional 687 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Ascent Capital Group by 103.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 86,938 shares of the industrial products company’s stock valued at $1,336,000 after buying an additional 44,153 shares in the last quarter. Hedge funds and other institutional investors own 81.23% of the company’s stock.

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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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