Alaska Communications Systems Group Inc (NASDAQ:ALSK) CEO Anand Vadapalli sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $2.10, for a total transaction of $21,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,365,263 shares in the company, valued at $2,867,052.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • 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 (NASDAQ:ALSK) traded up $0.15 during trading hours on Thursday, hitting $2.54. 386,300 shares of the company were exchanged, compared to its average volume of 136,460. 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 stock has a market cap of $131.64, a P/E ratio of 239.00 and a beta of -0.17. Alaska Communications Systems Group Inc has a 52 week low of $1.55 and a 52 week high of $2.61.

Several large investors have recently modified their holdings of ALSK. Goldman Sachs Group Inc. boosted its holdings in shares of Alaska Communications Systems Group by 51.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 102,276 shares of the utilities provider’s stock worth $189,000 after buying an additional 34,865 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Alaska Communications Systems Group by 2.3% in the 2nd 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 last quarter. Macquarie Group Ltd. purchased a new position in shares of Alaska Communications Systems Group in the 3rd quarter worth about $369,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Alaska Communications Systems Group in the 2nd quarter worth about $392,000. Finally, Kennedy Capital Management Inc. boosted its holdings in shares of 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 worth $1,421,000 after buying an additional 219,061 shares during the last quarter. 44.60% of the stock is currently owned by institutional investors.

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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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