Alaska Communications Systems Group, Inc. (ALSK) CEO Sells $21,000.00 in Stock

Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) CEO Anand Vadapalli sold 10,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $2.10, for a total value of $21,000.00. Following the completion of the transaction, the chief executive officer now owns 1,375,263 shares in the company, valued at $2,888,052.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) traded up $0.02 on Thursday, hitting $2.14. The company had a trading volume of 180,928 shares, compared to its average volume of 133,520. Alaska Communications Systems Group, Inc. has a 12 month low of $1.54 and a 12 month high of $2.61. 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 cap of $109.09, a PE ratio of 208.00 and a beta of -0.17.

Several institutional investors and hedge funds have recently modified their holdings of ALSK. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Alaska Communications Systems Group in the 3rd quarter worth $3,274,000. Dimensional Fund Advisors LP raised its position in 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 valued at $2,073,000 after buying an additional 224,004 shares during the last quarter. Kennedy Capital Management Inc. raised its position in Alaska Communications Systems Group by 51.3% in the 2nd quarter. Kennedy Capital Management Inc. now owns 646,053 shares of the utilities provider’s stock valued at $1,421,000 after buying an additional 219,061 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Alaska Communications Systems Group in the 2nd quarter valued at $392,000. Finally, Macquarie Group Ltd. purchased a new stake in Alaska Communications Systems Group in the 3rd quarter valued at $369,000. Institutional investors own 44.60% of the company’s stock.

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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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