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 company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $2.77, for a total transaction of $27,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,335,263 shares in the company, valued at approximately $3,698,678.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • 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 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 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.
  • 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 value of $21,000.00.
  • On Thursday, November 30th, 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 transaction of $21,000.00.

Shares of Alaska Communications Systems Group Inc (ALSK) opened at $2.60 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 1.09. Alaska Communications Systems Group Inc has a 1-year low of $1.60 and a 1-year high of $2.91. The company has a market cap of $136.36, a PE ratio of 260.00 and a beta of -0.19.

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its holdings in Alaska Communications Systems Group by 12.7% in the second quarter. Goldman Sachs Group Inc. now owns 115,243 shares of the utilities provider’s stock worth $254,000 after buying an additional 12,967 shares during the period. Northern Trust Corp lifted its holdings in Alaska Communications Systems Group by 2.3% in the second quarter. Northern Trust Corp now owns 131,636 shares of the utilities provider’s stock worth $289,000 after buying an additional 2,952 shares during the period. Macquarie Group Ltd. bought a new position in shares of Alaska Communications Systems Group during the third quarter valued at approximately $369,000. Kennedy Capital Management Inc. increased its stake in shares of Alaska Communications Systems Group by 51.3% during the second quarter. Kennedy Capital Management Inc. now owns 646,053 shares of the utilities provider’s stock valued at $1,421,000 after purchasing an additional 219,061 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake 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 valued at $2,073,000 after purchasing an additional 224,004 shares in the last quarter. Institutional investors and hedge funds own 44.53% of the company’s stock.

Separately, TheStreet upgraded shares of Alaska Communications Systems Group from a “d+” rating to a “c-” rating in a 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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