Alaska Communications Systems Group Inc (ALSK) CEO Anand Vadapalli Sells 10,000 Shares

Alaska Communications Systems Group Inc (NASDAQ:ALSK) CEO Anand Vadapalli sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $2.30, for a total transaction of $23,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,285,263 shares in the company, valued at approximately $2,956,104.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, January 25th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The shares were sold at an average price of $2.36, for a total transaction of $23,600.00.
  • On Thursday, January 18th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The shares were sold at an average price of $2.49, for a total transaction of $24,900.00.
  • On Thursday, January 11th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The shares were sold at an average price of $2.56, for a total transaction of $25,600.00.
  • On Thursday, January 4th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $2.10, for a total transaction of $21,000.00.

Alaska Communications Systems Group Inc (NASDAQ:ALSK) traded up $0.01 during midday trading on Friday, hitting $2.23. 115,626 shares of the stock traded hands, compared to its average volume of 198,343. 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 current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $116.96, a price-to-earnings ratio of -74.33 and a beta of -0.25.

Alaska Communications Systems Group (NASDAQ:ALSK) last posted its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter. Alaska Communications Systems Group had a negative net margin of 0.66% and a negative return on equity of 0.03%. The company had revenue of $56.70 million for the quarter.

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

Institutional investors have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC bought a new stake in Alaska Communications Systems Group during the 3rd quarter worth approximately $3,274,000. Macquarie Group Ltd. bought a new stake in Alaska Communications Systems Group during the 3rd quarter worth approximately $369,000. Dimensional Fund Advisors LP increased its holdings in Alaska Communications Systems Group by 31.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 942,355 shares of the utilities provider’s stock worth $2,073,000 after acquiring an additional 224,004 shares during the period. Goldman Sachs Group Inc. increased its holdings in Alaska Communications Systems Group by 12.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 115,243 shares of the utilities provider’s stock worth $254,000 after acquiring an additional 12,967 shares during the period. Finally, Northern Trust Corp increased its holdings in 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 during the period. 44.33% of the stock is currently owned by institutional investors and hedge funds.

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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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