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

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 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 (ALSK) opened at $2.60 on Friday. Alaska Communications Systems Group Inc has a 52-week low of $1.60 and a 52-week high of $2.91. The firm has a market cap of $136.36, a P/E ratio of 260.00 and a beta of -0.19. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 1.03.

Institutional investors have recently added to or reduced their stakes in the company. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Alaska Communications Systems Group during the 3rd quarter valued at approximately $3,274,000. Macquarie Group Ltd. bought a new position in shares of Alaska Communications Systems Group during the 3rd quarter valued at approximately $369,000. Dimensional Fund Advisors LP grew its position in shares of 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 valued at $2,073,000 after acquiring an additional 224,004 shares during the period. Kennedy Capital Management Inc. grew its position 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 valued at $1,421,000 after acquiring an additional 219,061 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of 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 valued at $254,000 after acquiring an additional 12,967 shares during the period. 44.53% of the stock is owned by hedge funds and other institutional investors.

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.

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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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