Great West Life Assurance Co. Can decreased its position in shares of General Communication, Inc. (NASDAQ:GNCMA) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,564 shares of the utilities provider’s stock after selling 3,380 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.10% of General Communication worth $1,484,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the business. State Street Corp grew its holdings in shares of General Communication by 1.1% during the second quarter. State Street Corp now owns 705,960 shares of the utilities provider’s stock worth $25,868,000 after buying an additional 7,374 shares during the last quarter. Farallon Capital Management LLC purchased a new position in shares of General Communication during the second quarter worth about $23,412,000. Northern Trust Corp grew its holdings in shares of General Communication by 0.5% during the second quarter. Northern Trust Corp now owns 384,633 shares of the utilities provider’s stock worth $14,092,000 after buying an additional 2,093 shares during the last quarter. Ratan Capital Management LP purchased a new position in shares of General Communication during the second quarter worth about $12,213,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of General Communication by 156.0% during the second quarter. Goldman Sachs Group Inc. now owns 310,950 shares of the utilities provider’s stock worth $11,393,000 after buying an additional 189,494 shares during the last quarter. 64.11% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on GNCMA. Drexel Hamilton raised General Communication from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. BidaskClub downgraded shares of General Communication from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.
Shares of General Communication, Inc. (NASDAQ GNCMA) traded up $0.19 during trading on Friday, hitting $41.40. The company had a trading volume of 110,361 shares, compared to its average volume of 160,022. The company has a debt-to-equity ratio of -511.65, a current ratio of 1.24 and a quick ratio of 1.19. The firm has a market cap of $1,490.00, a P/E ratio of -16.11 and a beta of 0.58. General Communication, Inc. has a 1 year low of $17.50 and a 1 year high of $43.63.
In other General Communication news, EVP G Wilson Hughes sold 3,630 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $42.16, for a total value of $153,040.80. Following the transaction, the executive vice president now owns 654,925 shares in the company, valued at approximately $27,611,638. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter Pounds sold 5,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $41.44, for a total transaction of $207,200.00. Following the completion of the transaction, the chief financial officer now owns 208,666 shares in the company, valued at approximately $8,647,119.04. The disclosure for this sale can be found here. Insiders sold a total of 56,130 shares of company stock valued at $2,267,859 over the last quarter. 15.28% of the stock is currently owned by insiders.
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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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