General Communication, Inc. (NASDAQ:GNCMA) SVP William C. Behnke sold 16,250 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $42.80, for a total transaction of $695,500.00. Following the sale, the senior vice president now directly owns 165,662 shares of the company’s stock, valued at $7,090,333.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of General Communication, Inc. (NASDAQ GNCMA) opened at 42.41 on Friday. The company’s market capitalization is $1.53 billion. General Communication, Inc. has a one year low of $12.53 and a one year high of $43.63. The firm has a 50-day moving average of $42.05 and a 200-day moving average of $34.45.

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Large investors have recently added to or reduced their stakes in the business. Vestor Capital LLC acquired a new position in shares of General Communication in the second quarter valued at $134,000. Piedmont Investment Advisors LLC acquired a new position in shares of General Communication in the second quarter valued at $212,000. Municipal Employees Retirement System of Michigan increased its holdings in shares of General Communication by 3.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 190 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in shares of General Communication in the second quarter valued at $278,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of General Communication by 13.4% in the second quarter. BNP Paribas Arbitrage SA now owns 8,078 shares of the utilities provider’s stock valued at $296,000 after purchasing an additional 954 shares during the last quarter. Hedge funds and other institutional investors own 63.71% of the company’s stock.

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.

Insider Buying and Selling by Quarter for General Communication (NASDAQ:GNCMA)

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