Ascent Capital Group Inc. Series A (NASDAQ:ASCMA) major shareholder John Malone unloaded 351,734 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $93.00, for a total transaction of $32,711,262.00. Following the transaction, the insider now directly owns 92,244 shares in the company, valued at approximately $8,578,692. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
A number of research firms have recently commented on ASCMA. Analysts at Thomson Reuters/Verus upgraded shares of Ascent Capital Group Inc. Series A from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 21st. Analysts at Imperial Capital upgraded shares of Ascent Capital Group Inc. Series A from an “in” rating to an “outperform” rating in a research note to investors on Monday, August 26th. They now have a $90.00 price target on the stock, up previously from $89.00. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $87.50.
Shares of Ascent Capital Group Inc. Series A (NASDAQ:ASCMA) traded down 0.25% on Monday, hitting $86.33. 23,112 shares of the company’s stock traded hands. Ascent Capital Group Inc. Series A has a 1-year low of $50.50 and a 1-year high of $84.50. The stock has a 50-day moving average of $76.96 and a 200-day moving average of $73.51. The company’s market cap is $1.199 billion.
Ascent Capital Group Inc. Series A (NASDAQ:ASCMA) last announced its earnings results on Thursday, August 8th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.04. The company had revenue of $102.30 million for the quarter, compared to the consensus estimate of $104.69 million. On average, analysts predict that Ascent Capital Group Inc. Series A will post $-0.13 earnings per share for the current fiscal year.
Ascent Capital Group, Inc, formerly Ascent Media Corporation, is a holding company. The Company owns 100% interest of its operating subsidiary, Monitronics International Inc (NASDAQ:ASCMA).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.