Alaska Communications Systems Group Inc (NASDAQ:ALSK)’s share price reached a new 52-week high and low during trading on Thursday . The company traded as low as $1.58 and last traded at $1.60, with a volume of 87427 shares. The stock had previously closed at $1.66.
Separately, TheStreet raised shares of Alaska Communications Systems Group from a “d+” rating to a “c-” rating in a research report on Friday, January 5th.
The company has a debt-to-equity ratio of 1.09, a current ratio of 1.08 and a quick ratio of 0.96.
A number of large investors have recently added to or reduced their stakes in ALSK. Wells Fargo & Company MN increased its position in Alaska Communications Systems Group by 160.8% during the fourth quarter. Wells Fargo & Company MN now owns 48,662 shares of the utilities provider’s stock worth $130,000 after acquiring an additional 30,003 shares during the period. Northern Trust Corp increased its holdings in Alaska Communications Systems Group by 2.3% in the 2nd quarter. Northern Trust Corp now owns 131,636 shares of the utilities provider’s stock valued at $289,000 after buying an additional 2,952 shares during the period. Macquarie Group Ltd. bought a new position in Alaska Communications Systems Group in the 3rd quarter valued at about $369,000. Dimensional Fund Advisors LP increased its holdings in Alaska Communications Systems Group by 22.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,149,307 shares of the utilities provider’s stock valued at $2,609,000 after buying an additional 206,952 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Alaska Communications Systems Group by 1.3% in the 4th quarter. Renaissance Technologies LLC now owns 2,330,740 shares of the utilities provider’s stock valued at $6,246,000 after buying an additional 28,811 shares during the period. 44.33% of the stock is currently owned by institutional investors and hedge funds.
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Alaska Communications Systems Group Company Profile
Alaska Communications Systems Group, Inc is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers across Alaska. The Company’s facilities-based communications network extends across Alaska and connects to the contiguous states through its undersea fiber optic cable systems and its usage rights on an undersea system.
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