Stephen R. Mooney Sells 7,400 Shares of General Communication, Inc. (GNCMA) Stock

General Communication, Inc. (NASDAQ:GNCMA) Director Stephen R. Mooney sold 7,400 shares of General Communication stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $41.10, for a total transaction of $304,140.00. Following the completion of the transaction, the director now directly owns 66,500 shares in the company, valued at approximately $2,733,150. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

General Communication, Inc. (NASDAQ:GNCMA) opened at $39.92 on Wednesday. The company has a debt-to-equity ratio of -511.65, a quick ratio of 1.19 and a current ratio of 1.24. General Communication, Inc. has a 12-month low of $17.50 and a 12-month high of $43.63.

A number of brokerages have recently issued reports on GNCMA. BidaskClub downgraded shares of General Communication from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Drexel Hamilton raised shares of General Communication from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd.

Several institutional investors have recently modified their holdings of GNCMA. Farallon Capital Management LLC acquired a new stake in General Communication in the 2nd quarter worth approximately $23,412,000. Ratan Capital Management LP acquired a new stake in General Communication in the 2nd quarter worth approximately $12,213,000. CNH Partners LLC acquired a new stake in General Communication in the 2nd quarter worth approximately $9,671,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in General Communication in the 2nd quarter worth approximately $9,524,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in General Communication in the 3rd quarter worth approximately $8,799,000. 64.11% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/12/20/stephen-r-mooney-sells-7400-shares-of-general-communication-inc-gncma-stock.html.

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.

Insider Buying and Selling by Quarter for General Communication (NASDAQ:GNCMA)

Receive News & Ratings for General Communication Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Communication and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit