Nationwide Fund Advisors decreased its stake in General Communication, Inc. (NASDAQ:GNCMA) by 1.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,339 shares of the utilities provider’s stock after selling 176 shares during the quarter. Nationwide Fund Advisors’ holdings in General Communication were worth $562,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Vestor Capital LLC acquired a new position in shares of General Communication in the 2nd quarter valued at $134,000. Municipal Employees Retirement System of Michigan boosted its position in shares of General Communication by 3.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 190 shares during the period. Virginia Retirement Systems ET AL acquired a new position in shares of General Communication in the 2nd quarter valued at $278,000. BNP Paribas Arbitrage SA boosted its position in shares of General Communication by 13.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,078 shares of the utilities provider’s stock valued at $296,000 after purchasing an additional 954 shares during the period. Finally, Arizona State Retirement System boosted its position in shares of General Communication by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 13,965 shares of the utilities provider’s stock valued at $512,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 63.46% of the company’s stock.
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In related news, SVP William C. Behnke sold 16,250 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $42.80, for a total value of $695,500.00. Following the completion of the sale, the senior vice president now owns 165,662 shares in the company, valued at $7,090,333.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 15.28% of the company’s stock.
Separately, Drexel Hamilton upgraded General Communication from a “sell” rating to a “hold” rating in a research report on Thursday.
About General Communication
General Communication, Inc is a holding company. The Company, together with its subsidiaries, is a communications provider with operations primarily in the State of Alaska. The Company provides a range of wireless, data, video, voice and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under its GCI brand.
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