Renaissance Technologies LLC Has $22.22 Million Stake in General Communication, Inc. (GNCMA)

Renaissance Technologies LLC reduced its stake in shares of General Communication, Inc. (NASDAQ:GNCMA) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 606,400 shares of the utilities provider’s stock after selling 17,100 shares during the period. Renaissance Technologies LLC owned 1.68% of General Communication worth $22,218,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. P Schoenfeld Asset Management LP bought a new stake in General Communication during the 2nd quarter valued at approximately $2,896,000. Dupont Capital Management Corp bought a new stake in General Communication during the 2nd quarter valued at approximately $1,429,000. Legal & General Group Plc raised its stake in General Communication by 16.8% during the 2nd quarter. Legal & General Group Plc now owns 50,938 shares of the utilities provider’s stock valued at $1,866,000 after purchasing an additional 7,339 shares during the period. Cowen Inc. bought a new stake in General Communication during the 2nd quarter valued at approximately $6,841,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in General Communication during the 2nd quarter valued at approximately $9,524,000. 63.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of General Communication, Inc. (NASDAQ GNCMA) opened at 42.10 on Wednesday. The company’s 50-day moving average price is $41.72 and its 200 day moving average price is $38.05. The company’s market cap is $1.52 billion. General Communication, Inc. has a 52 week low of $14.22 and a 52 week high of $43.63.

COPYRIGHT VIOLATION WARNING: “Renaissance Technologies LLC Has $22.22 Million Stake in General Communication, Inc. (GNCMA)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/renaissance-technologies-llc-has-22-22-million-stake-in-general-communication-inc-gncma.html.

In other General Communication news, SVP William C. Behnke sold 16,250 shares of the 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 transaction, the senior vice president now owns 165,662 shares in the company, valued at $7,090,333.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.28% of the company’s stock.

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 pr

Several other hedge funds also recently bought and sold shares of the company. P Schoenfeld Asset Management LP bought a new stake in General Communication during the 2nd quarter valued at approximately $2,896,000. Dupont Capital Management Corp bought a new stake in General Communication during the 2nd quarter valued at approximately $1,429,000. Legal & General Group Plc raised its stake in General Communication by 16.8% during the 2nd quarter. Legal & General Group Plc now owns 50,938 shares of the utilities provider’s stock valued at $1,866,000 after purchasing an additional 7,339 shares during the period. Cowen Inc. bought a new stake in General Communication during the 2nd quarter valued at approximately $6,841,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in General Communication during the 2nd quarter valued at approximately $9,524,000. 63.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of General Communication, Inc. (NASDAQ GNCMA) opened at 42.10 on Wednesday. The company’s 50-day moving average price is $41.72 and its 200 day moving average price is $38.05. The company’s market cap is $1.52 billion. General Communication, Inc. has a 52 week low of $14.22 and a 52 week high of $43.63.

COPYRIGHT VIOLATION WARNING: “Renaissance Technologies LLC Has $22.22 Million Stake in General Communication, Inc. (GNCMA)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/renaissance-technologies-llc-has-22-22-million-stake-in-general-communication-inc-gncma.html.

In other General Communication news, SVP William C. Behnke sold 16,250 shares of the 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 transaction, the senior vice president now owns 165,662 shares in the company, valued at $7,090,333.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 15.28% of the company’s stock.

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.

Want to see what other hedge funds are holding GNCMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Communication, Inc. (NASDAQ:GNCMA).

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

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

Leave a Reply