Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) VP Michael R. Todd sold 5,000 shares of Alaska Communications Systems Group stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $2.19, for a total transaction of $10,950.00. Following the transaction, the vice president now directly owns 219,054 shares of the company’s stock, valued at $479,728.26. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Alaska Communications Systems Group, Inc. (NASDAQ ALSK) traded down 0.46% during trading on Tuesday, reaching $2.18. 55,099 shares of the company traded hands. The stock’s market capitalization is $114.30 million. Alaska Communications Systems Group, Inc. has a 12 month low of $1.49 and a 12 month high of $2.61. The company has a 50-day moving average of $2.24 and a 200-day moving average of $2.05.

Alaska Communications Systems Group (NASDAQ:ALSK) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $58.50 million for the quarter, compared to analyst estimates of $58.72 million. Alaska Communications Systems Group had a negative return on equity of 0.01% and a negative net margin of 0.65%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.01 earnings per share.

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Separately, TheStreet raised shares of 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 made changes to their positions in ALSK. 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 last quarter. 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 last quarter. 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 last quarter. Northern Trust Corp increased its stake in shares of Alaska Communications Systems Group by 2.3% in the second quarter. Northern Trust Corp now owns 131,636 shares of the utilities provider’s stock worth $289,000 after buying an additional 2,952 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Alaska Communications Systems Group during the second quarter worth about $392,000. Hedge funds and other institutional investors own 39.69% of the company’s stock.

About Alaska Communications Systems Group

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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