The stock is trading at $17.13 slightly over the 50 day moving average which is $14.13 and a tad higher than the 200 day moving average of $15.07. The 50 day moving average went up by +21.25% and the 200 day average went up by +13.63%. Ascent Capital Group, Inc. – Se shares had a trading volume of 21K on Thursday. Overall, volume was down 46.10% under the stocks normal daily volume.
Investors are more bearish on shares of Ascent Capital Group, Inc. – Se of late if you take note of the uptick in short interest. The stock recorded a rise in short interest of 20.83% as of May 31, 2017 from the last reporting period. Short interest grew 35,574 over that period. The short-interest ratio increased to 5.9 and the percentage of shorted shares was 0.02% on May 31.
Ascent Capital Group, Inc. – Se (NASDAQ:ASCMA) has been the object of insider buying and selling activity recently. Chairman William R. Fitzgerald purchased 300 shares at an average price of $16.00 on March 17th. That brings Fitzgerald’s holdings to $1,570,176 as recorded in a recent Form 4 SEC filing. Carl E. Vogel, Director disclosed the sale of 6,035 shares of ASCMA stock. The shares were sold on December 19th for an average price of $17.76. Vogel now owns $0 of the stock per the Form 4 SEC filing.
William R. Fitzgerald, Chairman bought $1,080 worth of shares at an average price of $20.00 on Mon the 19th. That brings the Chairman’s holdings to $1,956,720 as reported to the SEC.
The following firms have also recently changed their position in ASCMA. Morgan Stanley reduced its ownership by shedding 874 shares a decrease of 83.9% from 12/31/2016 to 03/31/2017. Morgan Stanley claims 168 shares worth $2,000. The total value of its holdings decreased 88.2%. Goldman Sachs Group Inc trimmed its position by selling 12,110 shares a decrease of 35.9%. Goldman Sachs Group Inc now holds 21,621 shares valued at $306,000. The value of the position overall is down by 44.2%.
Brigade Capital Management, Lp bolstered its investment by buying 450,000 shares an increase of 321.4% as of 03/31/2017. Brigade Capital Management, Lp now controls 590,000 shares with a value of $8,337,000. The total value of its holdings increased 266.3%. Wallace Capital Management Inc. divested its stake by selling 640 shares a decrease of 0.3% in the quarter. Wallace Capital Management Inc. controls 233,045 shares worth $3,293,000. The total value of its holdings decreased 13.3%.
On November 9, 2016 the stock rating was set at “Outperform” by Imperial Capital a boost from the previous “Outperform” rating. Equity analyst BB&T Capital initiated coverage with a rating of “Hold”.
March 3 investment analysts at Imperial Capital left the company rating at “Outperform” and lowered the price target from $30.00 to $20.00. On November 10 Piper Jaffray kept the stock rating at “Overweight” and moved down the price target to $26.00 from $45.00.
On November 11 Imperial Capital made no change to the company rating of “Outperform” but moved down the price target from $94.00 to $85.00.
The company is trading up by 3.94% since yesterday’s close of $16.48. As of the last earnings report the EPS was $-7.13 and is projected to be $-7.24 for the current year with 12,134,000 shares currently outstanding. Next quarter’s EPS is estimated at $-1.87 with next year’s EPS anticipated to be $-7.26.
Ascent Capital Group, Inc., launched on May 29, 2008, is a holding company. The Business’s subsidiaries include Monitronics International, Inc. (MONI) and LiveWatch Security, LLC (LiveWatch). The Business’s segments include MONI, LiveWatch and Other Activities. MONI provides monitoring services as well as billing and round the clock telephone support through its central monitoring station, located in Farmers Branch, Texas. LiveWatch generates subscriber contracts through leads from direct response marketing, where MONI primarily generates subscriber contracts from a dealer network with local market presence..