O Shaughnessy Asset Management LLC Increases Stock Position in Alaska Communications Systems Group Inc (NASDAQ:ALSK)

O Shaughnessy Asset Management LLC lifted its holdings in shares of Alaska Communications Systems Group Inc (NASDAQ:ALSK) by 379.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 94,973 shares of the utilities provider’s stock after acquiring an additional 75,167 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.18% of Alaska Communications Systems Group worth $182,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. North Star Investment Management Corp. boosted its position in shares of Alaska Communications Systems Group by 5.3% during the first quarter. North Star Investment Management Corp. now owns 1,742,814 shares of the utilities provider’s stock worth $3,346,000 after buying an additional 87,473 shares during the period. 22NW LP increased its holdings in shares of Alaska Communications Systems Group by 0.8% in the fourth quarter. 22NW LP now owns 1,195,331 shares of the utilities provider’s stock valued at $1,721,000 after buying an additional 8,922 shares in the last quarter. Ancora Advisors LLC increased its holdings in shares of Alaska Communications Systems Group by 1.8% in the fourth quarter. Ancora Advisors LLC now owns 584,598 shares of the utilities provider’s stock valued at $842,000 after buying an additional 10,365 shares in the last quarter. Acadian Asset Management LLC raised its stake in Alaska Communications Systems Group by 32.2% during the 1st quarter. Acadian Asset Management LLC now owns 446,808 shares of the utilities provider’s stock valued at $858,000 after purchasing an additional 108,768 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in Alaska Communications Systems Group during the 4th quarter valued at $390,000. 36.13% of the stock is currently owned by institutional investors and hedge funds.

Separately, TheStreet raised shares of Alaska Communications Systems Group from a “d” rating to a “c” rating in a research note on Thursday, March 7th.

NASDAQ:ALSK traded down $0.02 during trading hours on Monday, reaching $1.69. The company’s stock had a trading volume of 136,111 shares, compared to its average volume of 112,121. The company has a current ratio of 1.45, a quick ratio of 1.28 and a debt-to-equity ratio of 1.49. Alaska Communications Systems Group Inc has a one year low of $1.37 and a one year high of $2.10. The business has a 50-day moving average of $1.70. The company has a market cap of $91.97 million, a P/E ratio of 10.69 and a beta of 0.69.

Alaska Communications Systems Group (NASDAQ:ALSK) last released its earnings results on Monday, May 6th. The utilities provider reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Alaska Communications Systems Group had a net margin of 3.09% and a return on equity of 5.59%. The business had revenue of $56.91 million during the quarter.

Alaska Communications Systems Group Profile

Alaska Communications Systems Group, Inc, through its subsidiaries, provides broadband telecommunication and managed information technology services to business, wholesale, and consumer customers in the United States. Its services include voice and broadband services; and managed IT services comprising remote network monitoring and support service, managed IT security and IT professional services, and long distance services primarily over its own terrestrial network to business and wholesale customers.

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Institutional Ownership by Quarter for Alaska Communications Systems Group (NASDAQ:ALSK)

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