Alaska Communications Systems Group Inc (NASDAQ:ALSK) CEO Anand Vadapalli sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $2.56, for a total value of $25,600.00. Following the sale, the chief executive officer now directly owns 1,315,263 shares of the company’s stock, valued at $3,367,073.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Thursday, January 4th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.64, for a total transaction of $26,400.00.
  • 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 stock was sold at an average price of $2.10, for a total transaction of $21,000.00.

Shares of Alaska Communications Systems Group Inc (NASDAQ ALSK) traded up $0.03 on Friday, hitting $2.60. 127,984 shares of the stock traded hands, compared to its average volume of 174,967. The company has a market cap of $134.79, a PE ratio of -86.67 and a beta of -0.19. Alaska Communications Systems Group Inc has a one year low of $1.60 and a one year high of $2.91. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 1.09.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Alaska Communications Systems Group during the 3rd quarter worth approximately $3,274,000. Dimensional Fund Advisors LP grew its stake in shares of Alaska Communications Systems Group by 22.0% during 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 in the last quarter. Kennedy Capital Management Inc. grew its stake in shares of Alaska Communications Systems Group by 51.3% during 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 in the last quarter. Macquarie Group Ltd. bought a new position in shares of Alaska Communications Systems Group during the 3rd quarter worth approximately $369,000. Finally, Northern Trust Corp grew its stake in shares of Alaska Communications Systems Group by 2.3% during 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 in the last quarter. 44.53% of the stock is owned by institutional investors.

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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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