Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) VP Michael R. Todd sold 5,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $2.37, for a total value of $11,850.00. Following the completion of the sale, the vice president now owns 224,054 shares of the company’s stock, valued at approximately $531,007.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Alaska Communications Systems Group, Inc. (NASDAQ ALSK) traded down 1.32% during midday trading on Tuesday, hitting $2.25. The stock had a trading volume of 53,799 shares. Alaska Communications Systems Group, Inc. has a 12-month low of $1.49 and a 12-month high of $2.61. The stock has a market cap of $117.77 million, a P/E ratio of 70.31 and a beta of -0.12. The company’s 50-day moving average price is $2.23 and its 200 day moving average price is $2.02.

Alaska Communications Systems Group (NASDAQ:ALSK) last posted its earnings results on Thursday, August 3rd. The utilities provider reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.07. Alaska Communications Systems Group had a negative net margin of 0.65% and a negative return on equity of 0.01%. The company had revenue of $58.50 million for the quarter, compared to the consensus estimate of $58.72 million. During the same quarter last year, the business earned $0.01 earnings per share. Alaska Communications Systems Group’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts predict that Alaska Communications Systems Group, Inc. will post $0.04 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of ALSK. Municipal Employees Retirement System of Michigan bought a new position in Alaska Communications Systems Group during the second quarter valued at $392,000. Goldman Sachs Group Inc. raised its position 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 during the period. Renaissance Technologies LLC raised its position 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 during the period. Kennedy Capital Management Inc. raised its position 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 during the period. Finally, Brandes Investment Partners LP raised its position 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 during the period. Institutional investors own 41.34% of the company’s stock.

Separately, TheStreet upgraded Alaska Communications Systems Group from a “d+” rating to a “c” rating in a research note 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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