Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) VP Michael R. Todd sold 5,000 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $2.15, for a total value of $10,750.00. Following the completion of the sale, the vice president now owns 239,054 shares of the company’s stock, valued at approximately $513,966.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) traded up 4.57% during mid-day trading on Tuesday, hitting $2.29. The company had a trading volume of 332,435 shares. The company has a market capitalization of $119.86 million, a P/E ratio of 71.56 and a beta of -0.12. The firm’s 50-day moving average price is $2.17 and its 200 day moving average price is $1.91. Alaska Communications Systems Group, Inc. has a one year low of $1.49 and a one year high of $2.61.

Alaska Communications Systems Group (NASDAQ:ALSK) last posted its quarterly earnings data on Thursday, May 4th. The utilities provider reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $56.73 million for the quarter, compared to analysts’ expectations of $57.02 million. Alaska Communications Systems Group had a net margin of 0.71% and a return on equity of 1.97%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Analysts predict that Alaska Communications Systems Group, Inc. will post $0.04 earnings per share for the current fiscal year.

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Separately, TheStreet upgraded Alaska Communications Systems Group from a “d+” rating to a “c” rating in a report on Wednesday, May 3rd.

A number of large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its stake in Alaska Communications Systems Group by 51.7% in the first quarter. Goldman Sachs Group Inc. now owns 102,276 shares of the utilities provider’s stock valued at $189,000 after buying an additional 34,865 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Alaska Communications Systems Group by 2.2% in the first quarter. Renaissance Technologies LLC now owns 1,783,140 shares of the utilities provider’s stock valued at $3,299,000 after buying an additional 37,980 shares in the last quarter. Kennedy Capital Management Inc. boosted its stake in Alaska Communications Systems Group by 15.5% in the first quarter. Kennedy Capital Management Inc. now owns 426,992 shares of the utilities provider’s stock valued at $790,000 after buying an additional 57,308 shares in the last quarter. Brandes Investment Partners LP boosted its stake in Alaska Communications Systems Group by 55.8% in the first quarter. Brandes Investment Partners LP now owns 67,331 shares of the utilities provider’s stock valued at $125,000 after buying an additional 24,114 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Alaska Communications Systems Group by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 70,473 shares of the utilities provider’s stock valued at $130,000 after buying an additional 4,747 shares in the last quarter. 41.25% of the stock is currently owned by institutional investors and hedge funds.

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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