Alaska Communications Systems Group (NASDAQ:ALSK) is set to issue its quarterly earnings data before the market opens on Monday, March 12th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.
Shares of Alaska Communications Systems Group (NASDAQ ALSK) opened at $2.17 on Friday. Alaska Communications Systems Group has a 1 year low of $1.60 and a 1 year high of $2.91. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $115.42, a price-to-earnings ratio of -72.33 and a beta of -0.13.
In other news, CEO Anand Vadapalli sold 10,000 shares of Alaska Communications Systems Group stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $2.72, for a total value of $27,200.00. Following the completion of the sale, the chief executive officer now directly owns 1,345,263 shares of the company’s stock, valued at $3,659,115.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 113,754 shares of company stock valued at $283,471 over the last ninety days. Insiders own 6.53% of the company’s stock.
An institutional investor recently raised its position in Alaska Communications Systems Group stock. Northern Trust Corp grew its position in Alaska Communications Systems Group Inc (NASDAQ:ALSK) by 2.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,636 shares of the utilities provider’s stock after buying an additional 2,952 shares during the quarter. Northern Trust Corp owned 0.25% of Alaska Communications Systems Group worth $289,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 44.49% of the company’s stock.
Separately, TheStreet raised 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.
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