Noteworthy Price Action: After Today’s Big Decline, Is Ascent Capital Group Inc’s Near-Term Analysis Negative?

Noteworthy Price Action: After Today's Big Decline, Is Ascent Capital Group Inc's Near Term Analysis Negative?

The stock of Ascent Capital Group Inc (NASDAQ:ASCMA) is a huge mover today! About 88,792 shares traded hands or 48.32% up from the average. Ascent Capital Group Inc (NASDAQ:ASCMA) has risen 53.33% since April 6, 2016 and is uptrending. It has outperformed by 51.38% the S&P500.
The move comes after 7 months negative chart setup for the $225.34 million company. It was reported on Nov, 8 by Barchart.com. We have $14.91 PT which if reached, will make NASDAQ:ASCMA worth $27.04 million less.

Analysts await Ascent Capital Group Inc (NASDAQ:ASCMA) to report earnings on November, 14. They expect $-1.10 EPS, up 47.62% or $1.00 from last year’s $-2.1 per share. After $-1.80 actual EPS reported by Ascent Capital Group Inc for the previous quarter, Wall Street now forecasts -38.89% EPS growth.

Ascent Capital Group Inc (NASDAQ:ASCMA) Ratings Coverage

Out of 4 analysts covering Ascent Capital Group Inc (NASDAQ:ASCMA), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Ascent Capital Group Inc has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Thursday, August 11 the stock rating was maintained by Imperial Capital with “In-Line”. Imperial Capital maintained Ascent Capital Group Inc (NASDAQ:ASCMA) rating on Thursday, November 12. Imperial Capital has “Outperform” rating and $30 price target. Imperial Capital downgraded Ascent Capital Group Inc (NASDAQ:ASCMA) rating on Wednesday, June 22. Imperial Capital has “In-Line” rating and $20 price target. The stock has “Sell” rating given by Zacks on Wednesday, September 2. On Thursday, June 16 the stock rating was initiated by BB&T Capital with “Hold”.

According to Zacks Investment Research, “Ascent Capital Group, Inc. is a holding company and its assets primarily consist of its wholly-owned subsidiary, Monitronics International, Inc. The Company provides security alarm monitoring and related services to residential and business subscribers throughout the United States and parts of Canada. Monitronics monitors signals arising from burglaries, fires and other events through security systems at subscribers’ premises. Ascent Capital Group, Inc., formerly known as Ascent Media Corporation, is based in Englewood, Colorado.”

Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.79, from 1.58 in 2016Q1. The ratio dived, as 13 funds sold all Ascent Capital Group Inc shares owned while 39 reduced positions. 13 funds bought stakes while 28 increased positions. They now own 9.87 million shares or 6.88% less from 10.60 million shares in 2016Q1.
First Manhattan last reported 14,605 shares in the company. The Manitoba – Canada-based Great West Life Assurance Comm Can has invested 0% in Ascent Capital Group Inc (NASDAQ:ASCMA). Blackrock Limited Liability Company last reported 0% of its portfolio in the stock. Credit Suisse Ag last reported 37,749 shares in the company. Connor Clark Lunn Invest Management Limited has invested 0% of its portfolio in Ascent Capital Group Inc (NASDAQ:ASCMA). Menta Capital Limited Company has 0.03% invested in the company for 12,006 shares. Wells Fargo Mn has invested 0% of its portfolio in Ascent Capital Group Inc (NASDAQ:ASCMA). Wallace Capital Management has 630,692 shares for 1.61% of their US portfolio. Whittier Trust Company Of Nevada reported 24 shares or 0% of all its holdings. Ladenburg Thalmann Financial Services has 0% invested in the company for 7 shares. Jpmorgan Chase &, a New York-based fund reported 630,928 shares. The New York-based Bancorp Of New York Mellon Corp has invested 0% in Ascent Capital Group Inc (NASDAQ:ASCMA). Eagle Capital Management Limited Liability accumulated 0.01% or 77,479 shares. State Board Of Administration Of Florida Retirement accumulated 18,198 shares or 0% of the stock. Gamco Investors Et Al owns 933,568 shares or 0.1% of their US portfolio.

Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 5 insider sales for $135,851 net activity. The insider NILES WILLIAM E sold 1,500 shares worth $25,275.

More notable recent Ascent Capital Group Inc (NASDAQ:ASCMA) news were published by: Marketwatch.com which released: “Ascent Capital started at hold at BB&T Capital” on January 21, 2011, also Nasdaq.com with their article: “Ascent Capital Group to Report Second Quarter 2016 Results on August 9, 2016” published on August 02, 2016, Globenewswire.com published: “Ascent Capital Group Announces Financial Results for the Three and Nine Months …” on November 07, 2016. More interesting news about Ascent Capital Group Inc (NASDAQ:ASCMA) were released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011 as well as Nasdaq.com‘s news article titled: “Ascent Capital Group to Report Third Quarter 2016 Results on November 7, 2016” with publication date: October 26, 2016.

ASCMA Company Profile

Ascent Capital Group, Inc., incorporated on May 29, 2008, is a holding company. The Company’s divisions include Monitronics, LiveWatch and Other Activities. The Company’s subsidiaries include Monitronics International, Inc. (Monitronics) and LiveWatch Security, LLC (LiveWatch). Monitronics provides a range of residential security services, including hands-free two-way interactive voice communication with the monitoring center, cellular options, and an interactive service option, which allows the customer to control their security system remotely using a computer or smart phone. Monitronics performs monitoring services for subscribers located in all 50 states, the District of Columbia, Puerto Rico and Canada.

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