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

Alaska Communications Systems Group, Inc. (NASDAQ ALSK) opened at 2.25 on Wednesday. Alaska Communications Systems Group, Inc. has a 52 week low of $1.49 and a 52 week high of $2.61. The firm’s 50 day moving average is $2.23 and its 200-day moving average is $2.02. The company has a market cap of $117.77 million, a P/E ratio of 70.31 and a beta of -0.12.

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 consensus estimate of $0.02 by $0.07. The firm had revenue of $58.50 million for the quarter, compared to the consensus estimate of $58.72 million. Alaska Communications Systems Group had a negative return on equity of 0.01% and a negative net margin of 0.65%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 EPS. On average, analysts predict that Alaska Communications Systems Group, Inc. will post $0.04 earnings per share for the current fiscal year.

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Separately, TheStreet raised shares of Alaska Communications Systems Group from a “d+” rating to a “c” rating in a research note on Wednesday, May 3rd.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Alaska Communications Systems Group by 13.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,745,160 shares of the utilities provider’s stock valued at $2,862,000 after buying an additional 205,720 shares during the period. Brandes Investment Partners LP raised 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 valued at $125,000 after buying an additional 24,114 shares during the period. Russell Investments Group Ltd. purchased a new position in Alaska Communications Systems Group during the fourth quarter valued at approximately $368,000. Kennedy Capital Management Inc. raised 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 valued at $790,000 after buying an additional 57,308 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Alaska Communications Systems Group during the second quarter valued at approximately $392,000. Hedge funds and other institutional investors own 41.34% of the company’s stock.

About Alaska Communications Systems Group

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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