As Pattern Energy Group (PEGI) Market Value Declined, Holder Carlyle Group LP Has Cut Stake by $6.83 Million; Alaska Communications System (ALSK) Share Price Declined While Aegis Financial Lowered by $1.19 Million Its Holding

April 17, 2018 - By Clifton Ray

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

Carlyle Group Lp decreased its stake in Pattern Energy Group Inc (PEGI) by 4.24% based on its latest 2017Q4 regulatory filing with the SEC. Carlyle Group Lp sold 325,284 shares as the company’s stock declined 17.35% with the market. The institutional investor held 7.35M shares of the central company at the end of 2017Q4, valued at $157.99M, down from 7.68 million at the end of the previous reported quarter. Carlyle Group Lp who had been investing in Pattern Energy Group Inc for a number of months, seems to be less bullish one the $1.75 billion market cap company. The stock increased 1.19% or $0.21 during the last trading session, reaching $17.8. About 336,700 shares traded. Pattern Energy Group Inc. (NASDAQ:PEGI) has declined 11.28% since April 17, 2017 and is downtrending. It has underperformed by 22.83% the S&P500.

Aegis Financial Corp decreased its stake in Alaska Communications System (ALSK) by 16.33% based on its latest 2017Q4 regulatory filing with the SEC. Aegis Financial Corp sold 594,519 shares as the company’s stock declined 31.94% with the market. The institutional investor held 3.05M shares of the public utilities company at the end of 2017Q4, valued at $8.17 million, down from 3.64 million at the end of the previous reported quarter. Aegis Financial Corp who had been investing in Alaska Communications System for a number of months, seems to be less bullish one the $85.35 million market cap company. The stock increased 7.62% or $0.12 during the last trading session, reaching $1.62. About 203,659 shares traded or 90.34% up from the average. Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) has risen 5.38% since April 17, 2017 and is uptrending. It has underperformed by 6.17% the S&P500.

Since December 7, 2017, it had 0 insider buys, and 10 insider sales for $221,913 activity.

Investors sentiment increased to 1.15 in Q4 2017. Its up 0.02, from 1.13 in 2017Q3. It increased, as 4 investors sold ALSK shares while 16 reduced holdings. 5 funds opened positions while 18 raised stakes. 21.76 million shares or 0.13% more from 21.73 million shares in 2017Q3 were reported. 37,333 were accumulated by State Street Corporation. Gilder Gagnon Howe Communication Ltd Liability reported 2.34M shares or 0.08% of all its holdings. Panagora Asset Mngmt reported 40,398 shares stake. Kornitzer Inc Ks invested in 0% or 10,000 shares. Wade G W & Incorporated has invested 0% of its portfolio in Alaska Communications Systems Group, Inc. (NASDAQ:ALSK). Blackrock Incorporated invested in 0% or 1.75 million shares. Susquehanna Group Llp owns 125,805 shares or 0% of their US portfolio. Deutsche Bancshares Ag reported 0% stake. Vanguard Gp invested in 0% or 1.89 million shares. Kennedy Cap accumulated 0.03% or 701,530 shares. 9,420 were accumulated by Sei Co. 500 are held by Barclays Plc. The Ohio-based Sequoia Advsrs Ltd Liability Corporation has invested 0% in Alaska Communications Systems Group, Inc. (NASDAQ:ALSK). Ancora Advsrs Lc invested in 0.08% or 561,454 shares. Geode Mngmt Ltd Liability Corp invested 0% in Alaska Communications Systems Group, Inc. (NASDAQ:ALSK).

Since February 1, 2018, it had 2 insider purchases, and 1 sale for $208,097 activity. $85,402 worth of Pattern Energy Group Inc. (NASDAQ:PEGI) shares were bought by Hall Douglas G.. Shares for $49,231 were sold by Pedersen Esben W. on Thursday, February 1.

Analysts await Pattern Energy Group Inc. (NASDAQ:PEGI) to report earnings on May, 8. They expect $0.13 earnings per share, up 116.67% or $0.07 from last year’s $0.06 per share. PEGI’s profit will be $12.74M for 34.23 P/E if the $0.13 EPS becomes a reality. After $0.11 actual earnings per share reported by Pattern Energy Group Inc. for the previous quarter, Wall Street now forecasts 18.18% EPS growth.

Among 17 analysts covering Pattern Energy (NASDAQ:PEGI), 11 have Buy rating, 0 Sell and 6 Hold. Therefore 65% are positive. Pattern Energy had 45 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by Bank of America to “Hold” on Friday, March 2. The stock of Pattern Energy Group Inc. (NASDAQ:PEGI) earned “Buy” rating by RBC Capital Markets on Friday, March 2. JP Morgan initiated Pattern Energy Group Inc. (NASDAQ:PEGI) rating on Friday, September 11. JP Morgan has “Overweight” rating and $28 target. As per Friday, July 24, the company rating was upgraded by Avondale. As per Thursday, October 29, the company rating was upgraded by Bank of America. Goldman Sachs upgraded the stock to “Buy” rating in Wednesday, December 6 report. Wells Fargo maintained the shares of PEGI in report on Friday, November 10 with “Outperform” rating. BMO Capital Markets maintained Pattern Energy Group Inc. (NASDAQ:PEGI) on Monday, June 19 with “Buy” rating. BMO Capital Markets maintained Pattern Energy Group Inc. (NASDAQ:PEGI) rating on Tuesday, August 11. BMO Capital Markets has “Outperform” rating and $32 target. The firm has “Buy” rating given on Friday, March 2 by Guggenheim.

Pattern Energy Group Inc. (NASDAQ:PEGI) Institutional Positions Chart

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