Alaska Communications Systems Group Inc (ALSK) Files Form 4 Insider Selling : Leonard Steinberg Sells 1,453 Shares

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Alaska Communications Systems Group Inc (ALSK): Leonard Steinberg , SVP, Legal/Reg/Gov & Corp Sec. of Alaska Communications Systems Group Inc sold 1,453 shares on Feb 23, 2017. The Insider selling transaction was reported by the company on Feb 24, 2017 to the Securities and Exchange Commission. The shares were sold at $1.65 per share for a total value of $2,397.45 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 10, 2017, Leonard Steinberg (SVP, Legal/Reg/Gov & Corp Sec.) sold 2,000 shares at $1.65 per share price.On Mar 7, 2016, Michael R Todd (Sr. VP, Consumer Market) sold 6,871 shares at $1.80 per share price.

Shares of Alaska Communications Systems Group Inc (ALSK) ended Wednesday, Feb 22, 2017 session in red amid volatile trading. The shares closed down -0.02 points or -1.19% at $1.66 with 24,035 shares getting traded. Post opening the session at $1.66, the shares hit an intraday low of $1.65 and an intraday high of $1.68 and the price vacillated in this range throughout the day. The company has a market cap of $85 M and the number of outstanding shares has been calculated to be 5,13,58,498 shares. The 52-week high of Alaska Communications Systems Group Inc is $1.9655 and the 52-week low is $1.39.

Alaska Communications Systems Group Inc Money Flow Index Chart

Alaska Communications Systems Group Inc. provides integrated communications services to business and consumer customers in Alaska. The Company’s communications network extends throughout the Alaska connecting customers to its network which provides broadband managed information technology (IT) managed services voice and other services to these customers and to the contiguous states through its own terrestrial network which includes its two diverse undersea fiber optic cable systems. The Company provides its products and services under three categories: business and wholesale consumer and other services including access services and high cost support. The Company provides services such as voice and broadband and IT managed services. Its business customers include small and medium businesses larger enterprises and government customers which include municipal local state and federal government entities school districts libraries and rural healthcare hospitals.

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Alec Robins

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