Alaska Communications Systems Group Inc (NASDAQ:ALSK) CEO Anand Vadapalli sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $2.64, for a total value of $26,400.00. Following the transaction, the chief executive officer now directly owns 1,325,263 shares in the company, valued at $3,498,694.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Anand Vadapalli also recently made the following trade(s):

  • On Thursday, January 25th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.36, for a total value of $23,600.00.
  • On Thursday, January 18th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.49, for a total value of $24,900.00.
  • On Thursday, January 11th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.56, for a total transaction of $25,600.00.
  • On Friday, December 28th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.77, for a total transaction of $27,700.00.
  • On Thursday, December 28th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.77, for a total transaction of $27,700.00.
  • On Thursday, December 21st, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.72, for a total transaction of $27,200.00.
  • On Thursday, December 14th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.52, for a total transaction of $25,200.00.
  • On Thursday, December 7th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.10, for a total transaction of $21,000.00.
  • On Thursday, November 30th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The shares were sold at an average price of $2.10, for a total transaction of $21,000.00.

Alaska Communications Systems Group Inc (NASDAQ ALSK) opened at $2.27 on Tuesday. Alaska Communications Systems Group Inc has a 1-year low of $1.60 and a 1-year high of $2.91. The stock has a market cap of $121.94, a P/E ratio of -113.50 and a beta of -0.19. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09.

Alaska Communications Systems Group (NASDAQ:ALSK) last released its earnings results on Wednesday, November 8th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter. Alaska Communications Systems Group had a negative net margin of 0.66% and a negative return on equity of 0.03%. The firm had revenue of $56.70 million during the quarter.

Several hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp raised 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 worth $289,000 after acquiring an additional 2,952 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Alaska Communications Systems Group by 12.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 115,243 shares of the utilities provider’s stock worth $254,000 after acquiring an additional 12,967 shares during the last quarter. Macquarie Group Ltd. purchased a new position in Alaska Communications Systems Group in the 3rd quarter worth approximately $369,000. Dimensional Fund Advisors LP raised 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 worth $2,609,000 after acquiring an additional 206,952 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its holdings in Alaska Communications Systems Group by 51.3% in the 2nd quarter. Kennedy Capital Management Inc. now owns 646,053 shares of the utilities provider’s stock worth $1,421,000 after acquiring an additional 219,061 shares during the last quarter. Hedge funds and other institutional investors own 44.33% of the company’s stock.

Separately, TheStreet upgraded shares of Alaska Communications Systems Group from a “d+” rating to a “c-” rating in a report on Friday, January 5th.

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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.

Insider Buying and Selling by Quarter for Alaska Communications Systems Group (NASDAQ:ALSK)

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