Ascent Capital Group Inc Series A (NASDAQ:ASCMA) saw a large drop in short interest in June. As of June 30th, there was short interest totalling 422,300 shares, a drop of 13.9% from the May 30th total of 490,200 shares. Approximately 4.0% of the shares of the company are short sold. Based on an average trading volume of 259,500 shares, the days-to-cover ratio is currently 1.6 days.
Shares of ASCMA opened at $0.80 on Friday. The firm has a market cap of $9.98 million, a price-to-earnings ratio of -0.04 and a beta of 1.65. The business has a 50 day moving average price of $1.14. Ascent Capital Group Inc Series A has a 52 week low of $0.25 and a 52 week high of $4.00.
Ascent Capital Group Inc Series A (NASDAQ:ASCMA) last released its quarterly earnings data on Tuesday, May 14th. The industrial products company reported ($2.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($2.91) by $0.67. The company had revenue of $129.61 million for the quarter, compared to analyst estimates of $114.93 million. Research analysts anticipate that Ascent Capital Group Inc Series A will post -11.15 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Ascent Capital Group Inc Series A stock. Bank of America Corp DE grew its holdings in shares of Ascent Capital Group Inc Series A (NASDAQ:ASCMA) by 8,895.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 869,152 shares of the industrial products company’s stock after acquiring an additional 859,490 shares during the quarter. Bank of America Corp DE owned about 6.99% of Ascent Capital Group Inc Series A worth $339,000 as of its most recent SEC filing. 52.70% of the stock is owned by institutional investors and hedge funds.
About Ascent Capital Group Inc Series A
Ascent Capital Group, Inc, through its subsidiary, Monitronics International, Inc, provides security alarm monitoring services to residential and commercial customers in the United States, Canada, the District of Columbia, and Puerto Rico. The company provides monitoring services for alarm signals arising from burglaries, fires, medical alerts, and other events through security systems at customers' premises.
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