General Communication, Inc. (GNCMA) Position Decreased by Nationwide Fund Advisors

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.

Institutional Ownership by Quarter for General Communication (NASDAQ:GNCMA)

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