Crossmark Global Holdings Inc. acquired a new position in shares of General Communication, Inc. (NASDAQ:GNCMA) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,130 shares of the utilities provider’s stock, valued at approximately $250,000.

Several other large investors have also recently bought and sold shares of GNCMA. P Schoenfeld Asset Management LP acquired a new position in General Communication during the second quarter valued at approximately $2,896,000. Dupont Capital Management Corp acquired a new position in General Communication during the second quarter valued at approximately $1,429,000. Legal & General Group Plc boosted its position in General Communication by 16.8% during the second quarter. Legal & General Group Plc now owns 50,938 shares of the utilities provider’s stock valued at $1,866,000 after purchasing an additional 7,339 shares during the last quarter. Alpine Global Management LLC acquired a new position in General Communication during the second quarter valued at approximately $1,231,000. Finally, Bluefin Trading LLC acquired a new position in General Communication during the second quarter valued at approximately $965,000. Institutional investors and hedge funds own 64.93% of the company’s stock.

In other news, SVP William C. Behnke sold 16,250 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $42.80, for a total value of $695,500.00. Following the completion of 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 legal filing with the SEC, which is accessible through this link. Also, EVP G Wilson Hughes sold 3,630 shares of the firm’s stock in a transaction that occurred on 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 directly owns 654,925 shares of the company’s stock, valued at $27,611,638. The disclosure for this sale can be found here. Company insiders own 15.28% of the company’s stock.

Separately, Drexel Hamilton raised General Communication from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd.

Shares of General Communication, Inc. (GNCMA) opened at $40.90 on Friday. General Communication, Inc. has a 52-week low of $17.23 and a 52-week high of $43.63. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of -511.65.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/02/crossmark-global-holdings-inc-invests-250000-in-general-communication-inc-gncma.html.

General Communication 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.

Institutional Ownership by Quarter for General Communication (NASDAQ:GNCMA)

Receive News & Stock Ratings for General Communication Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Communication Inc. and related stocks with our FREE daily email newsletter.