Ascent Capital Group Inc Series A (ASCMA) Hits New 1-Year Low at $0.70

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Ascent Capital Group Inc Series A (NASDAQ:ASCMA) hit a new 52-week low during trading on Thursday . The company traded as low as $0.70 and last traded at $0.81, with a volume of 325 shares trading hands. The stock had previously closed at $0.85.

A number of equities research analysts have recently commented on ASCMA shares. ValuEngine raised shares of Ascent Capital Group Inc Series A from a “hold” rating to a “buy” rating in a report on Thursday, September 6th. Zacks Investment Research cut shares of Ascent Capital Group Inc Series A from a “hold” rating to a “sell” rating in a report on Monday, December 3rd.

The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 17.72. The firm has a market cap of $9.70 million, a PE ratio of -0.09 and a beta of 2.05.

Ascent Capital Group Inc Series A (NASDAQ:ASCMA) last issued its earnings results on Monday, November 5th. The industrial products company reported ($3.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.52) by ($0.72). The company had revenue of $137.16 million during the quarter, compared to analysts’ expectations of $136.67 million. Ascent Capital Group Inc Series A had a negative net margin of 61.42% and a negative return on equity of 166.55%. On average, analysts predict that Ascent Capital Group Inc Series A will post -11.85 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. LMR Partners LLP acquired a new position in shares of Ascent Capital Group Inc Series A in the 2nd quarter valued at $110,000. Paloma Partners Management Co acquired a new position in shares of Ascent Capital Group Inc Series A in the 2nd quarter valued at $151,000. Millennium Management LLC acquired a new position in shares of Ascent Capital Group Inc Series A in the 2nd quarter valued at $723,000. Renaissance Technologies LLC boosted its holdings in shares of Ascent Capital Group Inc Series A by 4.3% in the 2nd quarter. Renaissance Technologies LLC now owns 936,200 shares of the industrial products company’s stock valued at $2,631,000 after purchasing an additional 38,800 shares during the last quarter. Finally, Nantahala Capital Management LLC boosted its holdings in shares of Ascent Capital Group Inc Series A by 44.0% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,644,260 shares of the industrial products company’s stock valued at $4,620,000 after purchasing an additional 502,075 shares during the last quarter. Hedge funds and other institutional investors own 66.98% of the company’s stock.

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Ascent Capital Group Inc Series A Company Profile (NASDAQ:ASCMA)

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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