General Communication, Inc. (NASDAQ:GNCMA) was the recipient of unusually large options trading on Thursday. Investors bought 3,653 put options on the stock. This is an increase of 1,896% compared to the typical daily volume of 183 put options.
Shares of General Communication (NASDAQ:GNCMA) remained flat at $$36.28 during midday trading on Friday. General Communication has a twelve month low of $17.67 and a twelve month high of $44.11. The company has a market capitalization of $1,360.00, a PE ratio of -18.90 and a beta of 0.82. The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 30.85.
General Communication (NASDAQ:GNCMA) last announced its earnings results on Wednesday, February 28th. The utilities provider reported $1.19 earnings per share for the quarter. General Communication had a negative return on equity of 193.00% and a negative net margin of 2.64%. The firm had revenue of $235.53 million for the quarter.
Separately, BidaskClub downgraded General Communication from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th.
In related news, Director Stephen R. Mooney sold 10,100 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $40.78, for a total value of $411,878.00. Following the completion of the sale, the director now directly owns 56,400 shares of the company’s stock, valued at approximately $2,299,992. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen R. Mooney sold 7,400 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $41.10, for a total value of $304,140.00. Following the completion of the sale, the director now directly owns 66,500 shares of the company’s stock, valued at $2,733,150. The disclosure for this sale can be found here. 15.28% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. bought a new stake in General Communication during the 3rd quarter valued at $250,000. Teacher Retirement System of Texas bought a new stake in General Communication during the 4th quarter valued at $315,000. Gotham Asset Management LLC bought a new stake in General Communication during the 4th quarter valued at $319,000. DLD Asset Management LP raised its holdings in General Communication by 33.3% during the 4th quarter. DLD Asset Management LP now owns 10,000 shares of the utilities provider’s stock valued at $390,000 after acquiring an additional 2,500 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its holdings in General Communication by 60.3% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,020 shares of the utilities provider’s stock valued at $409,000 after acquiring an additional 3,770 shares during the period. Institutional investors and hedge funds own 63.12% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This piece was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2018/03/17/general-communication-target-of-unusually-large-options-trading-gncma.html.
About General Communication
GCI Liberty, Inc, formerly 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.
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.