General Communication, Inc. (GNCMA) SVP Sells $695,500.00 in Stock
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.
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