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 on Thursday, February 8th. The shares were sold at an average price of $2.25, for a total value of $22,500.00. Following the sale, the chief executive officer now owns 1,275,263 shares in the company, valued at $2,869,341.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Thursday, February 1st, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.30, for a total value of $23,000.00.
  • On Thursday, January 25th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.36, for a total value of $23,600.00.
  • On Thursday, January 18th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.49, for a total value of $24,900.00.
  • On Thursday, January 11th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.56, for a total value of $25,600.00.
  • 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 value of $26,400.00.
  • 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 value 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 value 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 value 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 value 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 value of $21,000.00.

Shares of Alaska Communications Systems Group Inc (ALSK) traded down $0.07 during midday trading on Friday, reaching $2.18. The company’s stock had a trading volume of 100,015 shares, compared to its average volume of 137,504. The company has a market cap of $118.01, a price-to-earnings ratio of 225.00 and a beta of -0.25. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.03 and a quick ratio of 0.94. Alaska Communications Systems Group Inc has a fifty-two week low of $1.60 and a fifty-two week high of $2.91.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gilder Gagnon Howe & Co. LLC bought a new position in Alaska Communications Systems Group in the 3rd quarter worth about $3,274,000. Macquarie Group Ltd. purchased a new position in shares of Alaska Communications Systems Group in the 3rd quarter worth about $369,000. Dimensional Fund Advisors LP boosted its holdings in shares of Alaska Communications Systems Group by 31.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 942,355 shares of the utilities provider’s stock worth $2,073,000 after purchasing an additional 224,004 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Alaska Communications Systems Group by 12.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 115,243 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 12,967 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Alaska Communications Systems Group by 2.3% in the 2nd quarter. Northern Trust Corp now owns 131,636 shares of the utilities provider’s stock worth $289,000 after purchasing an additional 2,952 shares in the last quarter. Institutional investors and hedge funds own 44.33% 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 Friday, January 5th.

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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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