General Communication, Inc. (GNCMA) Shares Sold by KBC Group NV

KBC Group NV trimmed its stake in shares of General Communication, Inc. (NASDAQ:GNCMA) by 15.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,800 shares of the utilities provider’s stock after selling 7,369 shares during the period. KBC Group NV owned about 0.12% of General Communication worth $1,705,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan increased its stake in General Communication by 3.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock valued at $229,000 after buying an additional 190 shares during the last quarter. Arizona State Retirement System increased its stake in General Communication by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 13,965 shares of the utilities provider’s stock valued at $512,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund increased its stake in General Communication by 1.7% in the 2nd quarter. Texas Permanent School Fund now owns 19,506 shares of the utilities provider’s stock valued at $715,000 after buying an additional 334 shares during the last quarter. Voya Investment Management LLC increased its stake in General Communication by 6.5% in the 2nd quarter. Voya Investment Management LLC now owns 13,713 shares of the utilities provider’s stock valued at $502,000 after buying an additional 831 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in General Communication by 13.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,078 shares of the utilities provider’s stock valued at $296,000 after buying an additional 954 shares during the last quarter. Institutional investors and hedge funds own 64.87% of the company’s stock.

GNCMA has been the subject of a number of analyst reports. BidaskClub downgraded shares of General Communication from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Drexel Hamilton raised shares of General Communication from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd.

Shares of General Communication, Inc. (NASDAQ GNCMA) opened at $40.71 on Tuesday. 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 twelve month low of $17.45 and a twelve month high of $43.63.

In other General Communication news, EVP G Wilson Hughes sold 3,630 shares of General Communication stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $42.16, for a total value of $153,040.80. Following the completion of the sale, the executive vice president now owns 654,925 shares in the company, valued at approximately $27,611,638. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter Pounds sold 5,000 shares of General Communication stock in a transaction dated 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 sale, the chief financial officer now owns 208,666 shares of the company’s stock, valued at approximately $8,647,119.04. The disclosure for this sale can be found here. Insiders have sold a total of 38,630 shares of company stock valued at $1,551,841 in the last ninety days. 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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Institutional Ownership by Quarter for General Communication (NASDAQ:GNCMA)

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