Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) VP Sells $11,850.00 in Stock

Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) VP Michael R. Todd sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $2.37, for a total value of $11,850.00. Following the transaction, the vice president now owns 224,054 shares in the company, valued at $531,007.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) traded down 1.32% during trading on Tuesday, reaching $2.25. The company’s stock had a trading volume of 53,799 shares. Alaska Communications Systems Group, Inc. has a 52 week low of $1.49 and a 52 week high of $2.61. The company has a market cap of $117.77 million, a P/E ratio of 70.31 and a beta of -0.12. The company’s 50 day moving average price is $2.23 and its 200 day moving average price is $2.02.

Alaska Communications Systems Group (NASDAQ:ALSK) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.07. Alaska Communications Systems Group had a negative return on equity of 0.01% and a negative net margin of 0.65%. The business had revenue of $58.50 million for the quarter, compared to analyst estimates of $58.72 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that Alaska Communications Systems Group, Inc. will post $0.04 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of ALSK. Municipal Employees Retirement System of Michigan acquired a new position in Alaska Communications Systems Group during the second quarter worth approximately $392,000. Goldman Sachs Group Inc. increased its position in Alaska Communications Systems Group by 51.7% in the first 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 in the last quarter. Renaissance Technologies LLC increased its position in Alaska Communications Systems Group by 2.2% in the first quarter. Renaissance Technologies LLC now owns 1,783,140 shares of the utilities provider’s stock worth $3,299,000 after buying an additional 37,980 shares in the last quarter. Kennedy Capital Management Inc. increased its position in Alaska Communications Systems Group by 15.5% in the first quarter. Kennedy Capital Management Inc. now owns 426,992 shares of the utilities provider’s stock worth $790,000 after buying an additional 57,308 shares in the last quarter. Finally, Brandes Investment Partners LP increased its position in Alaska Communications Systems Group by 55.8% in the first quarter. Brandes Investment Partners LP now owns 67,331 shares of the utilities provider’s stock worth $125,000 after buying an additional 24,114 shares in the last quarter. Institutional investors own 41.34% of the company’s stock.

Separately, TheStreet lowered Alaska Communications Systems Group from a “c” rating to a “d+” rating in a report on Monday, May 22nd.

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.