Alaska Communications Systems Group Inc (NASDAQ:ALSK): Institutional Investor Sentiment Down to 1.14

June 17, 2018 - By Marguerite Chambers

Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) Logo

Sentiment for Alaska Communications Systems Group Inc (NASDAQ:ALSK)

Alaska Communications Systems Group Inc (NASDAQ:ALSK) institutional sentiment decreased to 1.14 in Q1 2018. Its down -0.01, from 1.15 in 2017Q4. The ratio turned negative, as 25 investment managers opened new and increased positions, while 22 trimmed and sold stakes in Alaska Communications Systems Group Inc. The investment managers in our partner’s database reported: 21.94 million shares, up from 21.76 million shares in 2017Q4. Also, the number of investment managers holding Alaska Communications Systems Group Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 5 Reduced: 17 Increased: 18 New Position: 7.

Alaska Communications Systems Group, Inc., through its subsidiaries, provides integrated communication services and managed information technology services to business, wholesale, and consumer clients in the state of Alaska. The company has market cap of $87.10 million. The Company’s services include voice and broadband services; and IT managed 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 customers. It currently has negative earnings. The companyÂ’s business clients comprise small and medium businesses; larger enterprises; government customers.

The stock decreased 1.20% or $0.02 during the last trading session, reaching $1.64. About 112,456 shares traded. Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) has declined 20.64% since June 17, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.

Aegis Financial Corp holds 7.85% of its portfolio in Alaska Communications Systems Group, Inc. for 2.85 million shares. Eidelman Virant Capital owns 310,000 shares or 0.36% of their US portfolio. Moreover, North Star Investment Management Corp. has 0.21% invested in the company for 989,440 shares. The California-based Rbf Capital Llc has invested 0.06% in the stock. Ancora Advisors Llc, a Us-based fund reported 567,657 shares.

Since January 1, 0001, it had 3 buys, and 8 insider sales for $126,694 activity.

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