National Asset Management Inc. Sells 75,000 Shares of Alaska Communications Systems Group Inc (NASDAQ:ALSK)

Share on StockTwits

National Asset Management Inc. cut its stake in Alaska Communications Systems Group Inc (NASDAQ:ALSK) by 50.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,000 shares of the utilities provider’s stock after selling 75,000 shares during the quarter. National Asset Management Inc. owned approximately 0.14% of Alaska Communications Systems Group worth $129,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. North Star Investment Management Corp. raised its position in shares of Alaska Communications Systems Group by 9.0% in the second quarter. North Star Investment Management Corp. now owns 1,899,865 shares of the utilities provider’s stock valued at $3,249,000 after purchasing an additional 157,051 shares during the period. Acadian Asset Management LLC raised its position in shares of Alaska Communications Systems Group by 32.2% in the first 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. Eidelman Virant Capital raised its position in shares of Alaska Communications Systems Group by 24.2% in the first quarter. Eidelman Virant Capital now owns 410,000 shares of the utilities provider’s stock valued at $787,000 after purchasing an additional 80,000 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Alaska Communications Systems Group by 379.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 94,973 shares of the utilities provider’s stock valued at $182,000 after purchasing an additional 75,167 shares during the period. Finally, Alambic Investment Management L.P. increased its position in Alaska Communications Systems Group by 40.5% during the first quarter. Alambic Investment Management L.P. now owns 79,994 shares of the utilities provider’s stock worth $154,000 after acquiring an additional 23,039 shares during the period. 36.02% of the stock is currently owned by institutional investors.

NASDAQ:ALSK traded down $0.01 during mid-day trading on Wednesday, reaching $1.75. 2,600 shares of the company’s stock were exchanged, compared to its average volume of 116,977. Alaska Communications Systems Group Inc has a one year low of $1.37 and a one year high of $2.10. The firm has a market capitalization of $95.82 million, a PE ratio of 17.90 and a beta of 0.70. The business’s fifty day simple moving average is $1.83 and its two-hundred day simple moving average is $1.78. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.20 and a current ratio of 1.36.

Alaska Communications Systems Group (NASDAQ:ALSK) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.00 EPS for the quarter. Alaska Communications Systems Group had a net margin of 1.64% and a return on equity of 3.55%. The business had revenue of $57.40 million for the quarter.

Alaska Communications Systems Group Company 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.

See Also: Why do earnings reports matter?

Want to see what other hedge funds are holding ALSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alaska Communications Systems Group Inc (NASDAQ:ALSK).

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

Receive News & Ratings for Alaska Communications Systems Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alaska Communications Systems Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

ValuEngine Lowers RECKITT BENCKIS/S  to Hold
ValuEngine Lowers RECKITT BENCKIS/S to Hold
TOKUYAMA CORP/ADR  Lowered to “Sell” at ValuEngine
TOKUYAMA CORP/ADR Lowered to “Sell” at ValuEngine
First Capital Realty  Earns Market Perform Rating from Raymond James
First Capital Realty Earns Market Perform Rating from Raymond James
Nestlé  Given a CHF 119 Price Target by Goldman Sachs Group Analysts
Nestlé Given a CHF 119 Price Target by Goldman Sachs Group Analysts
Nordex  PT Set at €11.00 by HSBC
Nordex PT Set at €11.00 by HSBC
SilverCrest Metals  Price Target Increased to C$9.50 by Analysts at National Bank Financial
SilverCrest Metals Price Target Increased to C$9.50 by Analysts at National Bank Financial


© 2006-2019 Ticker Report