Alaska Communications Systems Group Inc (ALSK) Shares Sold by O Shaughnessy Asset Management LLC

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O Shaughnessy Asset Management LLC trimmed its holdings in shares of Alaska Communications Systems Group Inc (NASDAQ:ALSK) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,806 shares of the utilities provider’s stock after selling 8,939 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Alaska Communications Systems Group were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Acadian Asset Management LLC grew its stake in Alaska Communications Systems Group by 37.7% during the 4th quarter. Acadian Asset Management LLC now owns 338,040 shares of the utilities provider’s stock valued at $486,000 after purchasing an additional 92,538 shares during the last quarter. 22NW LP lifted its holdings in shares of Alaska Communications Systems Group by 0.8% in the 4th 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 during the period. North Star Investment Management Corp. lifted its holdings in shares of Alaska Communications Systems Group by 38.7% in the 4th quarter. North Star Investment Management Corp. now owns 1,655,341 shares of the utilities provider’s stock valued at $2,384,000 after buying an additional 461,901 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Alaska Communications Systems Group by 1.8% in the 3rd quarter. Renaissance Technologies LLC now owns 2,144,338 shares of the utilities provider’s stock valued at $3,517,000 after buying an additional 36,928 shares during the period. Hedge funds and other institutional investors own 41.69% of the company’s stock.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Alaska Communications Systems Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. TheStreet raised Alaska Communications Systems Group from a “d” rating to a “c” rating in a report on Thursday, March 7th.

Shares of ALSK stock opened at $1.77 on Friday. The stock has a market capitalization of $94.28 million, a PE ratio of 10.41 and a beta of 0.73. The company has a quick ratio of 1.10, a current ratio of 1.39 and a debt-to-equity ratio of 0.99. Alaska Communications Systems Group Inc has a 52-week low of $1.37 and a 52-week high of $2.25.

Alaska Communications Systems Group (NASDAQ:ALSK) last issued its quarterly earnings data on Wednesday, March 6th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business had revenue of $58.69 million during the quarter. Alaska Communications Systems Group had a return on equity of 5.46% and a net margin of 3.91%.

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About Alaska Communications Systems Group

Alaska Communications Systems Group, Inc, through its subsidiaries, provides broadband telecommunication and managed information technology services to business, wholesale, and consumer customers in the state of Alaska. 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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