Macquarie Group Ltd. Has $29,000 Holdings in Alaska Communications Systems Group Inc (ALSK)

Macquarie Group Ltd. boosted its position in shares of Alaska Communications Systems Group Inc (NASDAQ:ALSK) by 894.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,938 shares of the utilities provider’s stock after acquiring an additional 17,933 shares during the quarter. Macquarie Group Ltd.’s holdings in Alaska Communications Systems Group were worth $29,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ancora Advisors LLC lifted its position in shares of Alaska Communications Systems Group by 1.8% during the fourth quarter. Ancora Advisors LLC now owns 584,598 shares of the utilities provider’s stock worth $842,000 after purchasing an additional 10,365 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in Alaska Communications Systems Group during the fourth quarter worth about $390,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Alaska Communications Systems Group by 62.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,884 shares of the utilities provider’s stock worth $85,000 after acquiring an additional 22,684 shares during the period. Alambic Investment Management L.P. acquired a new stake in Alaska Communications Systems Group during the fourth quarter worth about $82,000. Finally, 22NW LP raised its stake in Alaska Communications Systems Group by 0.8% during the fourth quarter. 22NW LP now owns 1,195,331 shares of the utilities provider’s stock worth $1,721,000 after acquiring an additional 8,922 shares during the period. 41.63% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently weighed in on ALSK shares. Zacks Investment Research lowered shares of Alaska Communications Systems Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. TheStreet upgraded shares of Alaska Communications Systems Group from a “d” rating to a “c” rating in a research note on Thursday, March 7th.

ALSK opened at $1.72 on Friday. The stock has a market cap of $91.62 million, a P/E ratio of 10.75 and a beta of 0.74. Alaska Communications Systems Group Inc has a fifty-two week low of $1.37 and a fifty-two week high of $2.10. The company has a current ratio of 1.39, a quick ratio of 1.24 and a debt-to-equity ratio of 0.99.

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

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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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