Ascent Capital Group (ASCMA) to Release Quarterly Earnings on Monday

Ascent Capital Group (NASDAQ:ASCMA) is scheduled to issue its quarterly earnings data after the market closes on Monday, February 26th. Analysts expect the company to announce earnings of ($2.22) per share for the quarter.

Shares of Ascent Capital Group (ASCMA) opened at $6.50 on Friday. Ascent Capital Group has a 12 month low of $6.22 and a 12 month high of $17.84. The company has a market cap of $82.97, a P/E ratio of -0.71 and a beta of 1.37. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 11.96.

Several brokerages recently issued reports on ASCMA. Zacks Investment Research upgraded shares of Ascent Capital Group from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Tuesday, January 2nd. Stifel Nicolaus restated a “hold” rating and set a $16.00 target price on shares of Ascent Capital Group in a research report on Friday, November 3rd. Imperial Capital upgraded shares of 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. Finally, ValuEngine lowered shares of Ascent Capital Group from a “sell” rating to a “strong sell” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Ascent Capital Group currently has an average rating of “Hold” and an average target price of $14.00.

In other Ascent Capital Group news, major shareholder Brigade Leveraged Capital Stru sold 860,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 863,908 shares of company stock valued at $9,505,606 over the last 90 days. 9.60% of the stock is currently owned by company insiders.

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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.

Earnings History for Ascent Capital Group (NASDAQ:ASCMA)

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