Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) VP Michael R. Todd sold 5,000 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $2.38, for a total transaction of $11,900.00. Following the transaction, the vice president now owns 234,054 shares in the company, valued at approximately $557,048.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) traded down 0.42% on Tuesday, reaching $2.36. 79,982 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $2.19 and a 200 day moving average price of $1.98. The firm has a market cap of $123.52 million, a PE ratio of 73.75 and a beta of -0.12. 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 issued its earnings results on Thursday, May 4th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Alaska Communications Systems Group had a return on equity of 1.97% and a net margin of 0.71%. The business had revenue of $56.73 million during the quarter, compared to the consensus estimate of $57.02 million. Alaska Communications Systems Group’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts anticipate that Alaska Communications Systems Group, Inc. will post $0.04 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the company. Brandes Investment Partners LP increased its stake in shares of 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 worth $125,000 after buying an additional 24,114 shares during the period. Bank of New York Mellon Corp increased its stake in shares of 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 worth $130,000 after buying an additional 4,747 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of 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 worth $189,000 after buying an additional 34,865 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Alaska Communications Systems Group during the fourth quarter worth about $368,000. Finally, Kennedy Capital Management Inc. increased its stake in shares of 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 worth $790,000 after buying an additional 57,308 shares during the period. 41.30% of the stock is owned by institutional investors and hedge funds.

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

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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