Alliancebernstein L.P. Sells 114,840 Shares of General Communication, Inc. (GNCMA)

Alliancebernstein L.P. trimmed its position in shares of General Communication, Inc. (NASDAQ:GNCMA) by 66.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,200 shares of the utilities provider’s stock after selling 114,840 shares during the quarter. Alliancebernstein L.P. owned approximately 0.16% of General Communication worth $2,169,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in GNCMA. Municipal Employees Retirement System of Michigan lifted its stake in shares of General Communication by 3.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 190 shares during the period. Virginia Retirement Systems ET AL acquired a new position in shares of General Communication in the second quarter worth approximately $278,000. BNP Paribas Arbitrage SA lifted its stake in shares of General Communication by 13.4% in the second quarter. BNP Paribas Arbitrage SA now owns 8,078 shares of the utilities provider’s stock worth $296,000 after acquiring an additional 954 shares during the period. Arizona State Retirement System lifted its stake in shares of General Communication by 1.5% in the second quarter. Arizona State Retirement System now owns 13,965 shares of the utilities provider’s stock worth $512,000 after acquiring an additional 200 shares during the period. Finally, Texas Permanent School Fund lifted its stake in shares of General Communication by 1.7% in the second quarter. Texas Permanent School Fund now owns 19,506 shares of the utilities provider’s stock worth $715,000 after acquiring an additional 334 shares during the period. 63.71% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This report was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/16/alliancebernstein-l-p-sells-114840-shares-of-general-communication-inc-gncma.html.

General Communication, Inc. (NASDAQ:GNCMA) opened at 41.52 on Monday. The company has a 50 day moving average price of $41.64 and a 200-day moving average price of $38.49. The firm’s market capitalization is $1.50 billion. General Communication, Inc. has a 1-year low of $14.30 and a 1-year high of $43.63.

In other news, SVP William C. Behnke sold 16,250 shares of the stock in a transaction dated 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 directly owns 165,662 shares in the company, valued at approximately $7,090,333.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is avai

Several other hedge funds have also recently made changes to their positions in GNCMA. Municipal Employees Retirement System of Michigan lifted its stake in shares of General Communication by 3.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 190 shares during the period. Virginia Retirement Systems ET AL acquired a new position in shares of General Communication in the second quarter worth approximately $278,000. BNP Paribas Arbitrage SA lifted its stake in shares of General Communication by 13.4% in the second quarter. BNP Paribas Arbitrage SA now owns 8,078 shares of the utilities provider’s stock worth $296,000 after acquiring an additional 954 shares during the period. Arizona State Retirement System lifted its stake in shares of General Communication by 1.5% in the second quarter. Arizona State Retirement System now owns 13,965 shares of the utilities provider’s stock worth $512,000 after acquiring an additional 200 shares during the period. Finally, Texas Permanent School Fund lifted its stake in shares of General Communication by 1.7% in the second quarter. Texas Permanent School Fund now owns 19,506 shares of the utilities provider’s stock worth $715,000 after acquiring an additional 334 shares during the period. 63.71% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This report was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/16/alliancebernstein-l-p-sells-114840-shares-of-general-communication-inc-gncma.html.

General Communication, Inc. (NASDAQ:GNCMA) opened at 41.52 on Monday. The company has a 50 day moving average price of $41.64 and a 200-day moving average price of $38.49. The firm’s market capitalization is $1.50 billion. General Communication, Inc. has a 1-year low of $14.30 and a 1-year high of $43.63.

In other news, SVP William C. Behnke sold 16,250 shares of the stock in a transaction dated 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 directly owns 165,662 shares in the company, valued at approximately $7,090,333.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 15.28% of the stock is currently owned by corporate insiders.

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.

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

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