Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.86 Million Position in General Communication, Inc. (GNCMA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in General Communication, Inc. (NASDAQ:GNCMA) by 82.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,501 shares of the utilities provider’s stock after selling 214,425 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.13% of General Communication worth $1,856,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. P Schoenfeld Asset Management LP acquired a new stake in General Communication in the second quarter valued at approximately $2,896,000. Dupont Capital Management Corp acquired a new stake in General Communication in the second quarter valued at approximately $1,429,000. Legal & General Group Plc raised its holdings in General Communication by 16.8% in the second quarter. Legal & General Group Plc now owns 50,938 shares of the utilities provider’s stock valued at $1,866,000 after acquiring an additional 7,339 shares in the last quarter. Alpine Global Management LLC acquired a new stake in General Communication in the second quarter valued at approximately $1,231,000. Finally, Bluefin Trading LLC acquired a new stake in General Communication during the second quarter worth approximately $965,000. 64.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of General Communication, Inc. (NASDAQ GNCMA) opened at $40.90 on Friday. The company has a debt-to-equity ratio of -511.65, a current ratio of 1.24 and a quick ratio of 1.19. General Communication, Inc. has a 1-year low of $17.23 and a 1-year high of $43.63.

Separately, Drexel Hamilton raised shares of General Communication from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd.

In other General Communication news, EVP G Wilson Hughes sold 3,630 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $42.16, for a total transaction of $153,040.80. Following the sale, the executive vice president now owns 654,925 shares of the company’s stock, valued at $27,611,638. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP William C. Behnke sold 16,250 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $42.80, for a total transaction of $695,500.00. Following the sale, the senior vice president now directly owns 165,662 shares in the company, valued at approximately $7,090,333.60. The disclosure for this sale can be found here. 15.28% of the stock is currently owned by company insiders.

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General Communication Company Profile

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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