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

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

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

Several brokerages have recently issued reports on ASCMA. Zacks Investment Research cut Ascent Capital Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Stifel Nicolaus reissued a “hold” rating and set a $16.00 target price on shares of Ascent Capital Group in a research report on Friday, November 3rd. Finally, Imperial Capital raised Ascent Capital Group from an “in-line” rating to an “outperform” rating and cut their target price for the company from $13.50 to $13.00 in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $14.00.

Shares of Ascent Capital Group (NASDAQ ASCMA) traded up $0.56 on Tuesday, hitting $11.83. The stock had a trading volume of 72,700 shares, compared to its average volume of 60,420. The stock has a market cap of $138.94, a PE ratio of -1.31 and a beta of 1.59. Ascent Capital Group has a twelve month low of $8.87 and a twelve month 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 news, major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $11.00, for a total transaction of $9,460,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 865,862 shares of company stock worth $9,528,273 in the last ninety days. 9.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Zacks Investment Management lifted its stake in shares of Ascent Capital Group by 0.8% during the 2nd quarter. Zacks Investment Management now owns 11,691 shares of the industrial products company’s stock worth $180,000 after purchasing an additional 97 shares during the last quarter. Teachers Advisors LLC lifted its stake 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 worth $357,000 after purchasing an additional 2,892 shares during the last quarter. Bank of Nova Scotia purchased a new stake in shares of Ascent Capital Group during the 2nd quarter worth $538,000. Thrivent Financial For Lutherans lifted its stake in shares of Ascent Capital Group by 2.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 53,710 shares of the industrial products company’s stock worth $825,000 after purchasing an additional 1,090 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake 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 worth $862,000 after purchasing an additional 687 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

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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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