Millennium Management LLC Takes Position in Ascent Capital Group Inc Series A (ASCMA)

Millennium Management LLC acquired a new stake in Ascent Capital Group Inc Series A (NASDAQ:ASCMA) in the second quarter, Holdings Channel reports. The firm acquired 257,162 shares of the industrial products company’s stock, valued at approximately $723,000.

Several other large investors have also made changes to their positions in the company. Nantahala Capital Management LLC grew its position in Ascent Capital Group Inc Series A by 44.0% during the second quarter. Nantahala Capital Management LLC now owns 1,644,260 shares of the industrial products company’s stock valued at $4,620,000 after acquiring an additional 502,075 shares during the period. Dimensional Fund Advisors LP grew its position in Ascent Capital Group Inc Series A by 7.0% during the first quarter. Dimensional Fund Advisors LP now owns 993,671 shares of the industrial products company’s stock valued at $3,657,000 after acquiring an additional 64,960 shares during the period. Paloma Partners Management Co purchased a new stake in Ascent Capital Group Inc Series A during the second quarter valued at about $151,000. LMR Partners LLP purchased a new stake in Ascent Capital Group Inc Series A during the second quarter valued at about $110,000. Finally, Renaissance Technologies LLC grew its position in Ascent Capital Group Inc Series A by 4.3% during the second quarter. Renaissance Technologies LLC now owns 936,200 shares of the industrial products company’s stock valued at $2,631,000 after acquiring an additional 38,800 shares during the period. 70.78% of the stock is owned by institutional investors and hedge funds.

ASCMA has been the subject of a number of research reports. ValuEngine raised Ascent Capital Group Inc Series A from a “hold” rating to a “buy” rating in a research report on Thursday, September 6th. Zacks Investment Research downgraded Ascent Capital Group Inc Series A from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th.

Shares of ASCMA opened at $1.08 on Friday. Ascent Capital Group Inc Series A has a 12 month low of $0.76 and a 12 month high of $12.89. The company has a quick ratio of 1.34, a current ratio of 1.79 and a debt-to-equity ratio of 17.72.

Ascent Capital Group Inc Series A (NASDAQ:ASCMA) last released its quarterly earnings results on Monday, November 5th. The industrial products company reported ($3.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.52) by ($0.72). Ascent Capital Group Inc Series A had a negative return on equity of 334.47% and a negative net margin of 61.42%. The business had revenue of $137.16 million during the quarter, compared to analyst estimates of $136.67 million. Equities analysts forecast that Ascent Capital Group Inc Series A will post -9.86 earnings per share for the current year.

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Ascent Capital Group Inc Series A Company Profile

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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Institutional Ownership by Quarter for Ascent Capital Group Inc Series A (NASDAQ:ASCMA)

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