Alaska Communications Systems Group Inc (ALSK) CEO Sells $21,600.00 in Stock

Alaska Communications Systems Group Inc (NASDAQ:ALSK) CEO Anand Vadapalli sold 10,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $2.16, for a total value of $21,600.00. Following the completion of the transaction, the chief executive officer now owns 1,265,263 shares of the company’s stock, valued at $2,732,968.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, February 8th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The shares were sold at an average price of $2.25, for a total value of $22,500.00.
  • On Thursday, February 1st, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $2.52, for a total value of $25,200.00.

Alaska Communications Systems Group Inc (ALSK) opened at $2.22 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.03 and a quick ratio of 0.94. The company has a market capitalization of $116.43, a PE ratio of 222.00 and a beta of -0.25. Alaska Communications Systems Group Inc has a 1 year low of $1.60 and a 1 year high of $2.91.

Several institutional investors and hedge funds have recently modified their holdings of ALSK. Northern Trust Corp raised its position in shares of Alaska Communications Systems Group by 2.3% during the second 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 last quarter. Dimensional Fund Advisors LP raised its position in shares of Alaska Communications Systems Group by 31.2% during the second 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 last quarter. Goldman Sachs Group Inc. raised its position in shares of Alaska Communications Systems Group by 12.7% during the second 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 last quarter. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Alaska Communications Systems Group during the third quarter worth about $3,274,000. Finally, Macquarie Group Ltd. bought a new position in shares of Alaska Communications Systems Group during the third quarter worth about $369,000. Institutional investors own 46.32% of the company’s stock.

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

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.thelincolnianonline.com/2018/02/19/alaska-communications-systems-group-inc-alsk-ceo-sells-21600-00-in-stock.html.

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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Alaska Communications Systems Group Inc (ALSK) CEO Sells $21,600.00 in Stock

Alaska Communications Systems Group Inc (NASDAQ:ALSK) CEO Anand Vadapalli sold 10,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $2.16, for a total value of $21,600.00. Following the sale, the chief executive officer now directly owns 1,265,263 shares in the company, valued at $2,732,968.08. 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, February 8th, Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock. The stock was sold at an average price of $2.25, for a total value of $22,500.00.
  • 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $2.52, for a total value of $25,200.00.

Shares of Alaska Communications Systems Group Inc (NASDAQ ALSK) opened at $2.22 on Monday. The firm has a market capitalization of $116.43, a PE ratio of 222.00 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 12 month low of $1.60 and a 12 month high of $2.91.

Separately, TheStreet lowered Alaska Communications Systems Group from a “c-” rating to a “d+” rating in a research note on Tuesday, February 13th.

A number of large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake in Alaska Communications Systems Group by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 2,330,740 shares of the utilities provider’s stock valued at $6,246,000 after buying an additional 28,811 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Alaska Communications Systems Group by 160.8% in the fourth quarter. Wells Fargo & Company MN now owns 48,662 shares of the utilities provider’s stock valued at $130,000 after buying an additional 30,003 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in Alaska Communications Systems Group by 61.9% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,335,308 shares of the utilities provider’s stock valued at $6,259,000 after buying an additional 893,039 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Alaska Communications Systems Group by 22.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,149,307 shares of the utilities provider’s stock valued at $2,609,000 after buying an additional 206,952 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in Alaska Communications Systems Group in the third quarter valued at about $369,000. 46.32% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Alaska Communications Systems Group Inc (ALSK) CEO Sells $21,600.00 in Stock” was first reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.thelincolnianonline.com/2018/02/19/alaska-communications-systems-group-inc-alsk-ceo-sells-21600-00-in-stock.html.

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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