General Communication, Inc. (GNCMA) CFO Sells $207,200.00 in Stock

General Communication, Inc. (NASDAQ:GNCMA) CFO Peter Pounds sold 5,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $41.44, for a total value of $207,200.00. Following the sale, the chief financial officer now directly owns 208,666 shares of the company’s stock, valued at $8,647,119.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of General Communication, Inc. (NASDAQ:GNCMA) traded down $0.88 on Thursday, hitting $39.45. 150,100 shares of the stock traded hands, compared to its average volume of 225,092. General Communication, Inc. has a one year low of $17.45 and a one year high of $43.63. The company has a debt-to-equity ratio of -511.65, a current ratio of 1.24 and a quick ratio of 1.19.

Several institutional investors and hedge funds have recently modified their holdings of GNCMA. Farallon Capital Management LLC bought a new position in shares of General Communication in the second quarter valued at $23,412,000. Ratan Capital Management LP bought a new position in shares of General Communication in the second quarter valued at $12,213,000. CNH Partners LLC bought a new position in shares of General Communication in the second quarter valued at $9,671,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of General Communication in the second quarter valued at $9,524,000. Finally, Tocqueville Asset Management L.P. bought a new position in shares of General Communication in the third quarter valued at $8,799,000. 64.87% of the stock is owned by institutional investors.

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

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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.

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