Teacher Retirement System of Texas purchased a new stake in General Communication, Inc. (NASDAQ:GNCMA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,069 shares of the utilities provider’s stock, valued at approximately $315,000.
A number of other institutional investors have also added to or reduced their stakes in GNCMA. Crossmark Global Holdings Inc. purchased a new position in shares of General Communication in the third quarter worth about $250,000. Municipal Employees Retirement System of Michigan raised its stake in shares of General Communication by 60.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,020 shares of the utilities provider’s stock worth $409,000 after purchasing an additional 3,770 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of General Communication by 121.4% in the third quarter. BNP Paribas Arbitrage SA now owns 17,882 shares of the utilities provider’s stock worth $729,000 after purchasing an additional 9,804 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of General Communication by 47.0% in the third quarter. Wells Fargo & Company MN now owns 30,861 shares of the utilities provider’s stock worth $1,259,000 after purchasing an additional 9,870 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of General Communication by 4.4% in the third quarter. Legal & General Group Plc now owns 53,175 shares of the utilities provider’s stock worth $2,169,000 after purchasing an additional 2,237 shares during the last quarter. Institutional investors own 63.12% of the company’s stock.
General Communication stock opened at $36.28 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 30.85. The firm has a market capitalization of $1,360.00, a P/E ratio of -18.90 and a beta of 0.82. General Communication, Inc. has a 12-month low of $17.67 and a 12-month high of $44.11.
General Communication (NASDAQ:GNCMA) last announced its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.19 earnings per share for the quarter. The company had revenue of $235.53 million during the quarter. General Communication had a negative return on equity of 193.00% and a negative net margin of 2.64%.
Separately, BidaskClub cut General Communication from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th.
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General Communication Company Profile
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.
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