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.
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.
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.
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