General Communication, Inc. (NASDAQ:GNCMA) insider Gregory F. Chapados sold 30,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $39.72, for a total transaction of $1,191,600.00. Following the transaction, the insider now owns 497,375 shares of the company’s stock, valued at approximately $19,755,735. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
General Communication, Inc. (NASDAQ:GNCMA) traded up $0.23 during trading hours on Friday, hitting $39.68. 211,900 shares of the stock were exchanged, compared to its average volume of 225,036. 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 fifty-two week low of $17.45 and a fifty-two week high of $43.63.
A number of research firms have recently weighed in on GNCMA. BidaskClub cut shares of General Communication from a “buy” rating to a “hold” rating in a research note on Thursday. Drexel Hamilton raised shares of General Communication from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd.
Several large investors have recently bought and sold shares of GNCMA. Farallon Capital Management LLC acquired a new position in shares of General Communication during the 2nd quarter worth $23,412,000. Ratan Capital Management LP acquired a new position in shares of General Communication during the 2nd quarter worth $12,213,000. CNH Partners LLC acquired a new position in shares of General Communication during the 2nd quarter worth $9,671,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of General Communication during the 2nd quarter worth $9,524,000. Finally, Tocqueville Asset Management L.P. acquired a new stake in General Communication in the 3rd quarter valued at about $8,799,000. 64.87% of the stock is currently owned by institutional investors and hedge funds.
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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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