Bank of New York Mellon Corp lowered its stake in General Communication, Inc. (NASDAQ:GNCMA) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 366,238 shares of the utilities provider’s stock after selling 23,197 shares during the period. Bank of New York Mellon Corp owned 1.01% of General Communication worth $14,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. P Schoenfeld Asset Management LP purchased a new stake in General Communication during the 2nd quarter valued at $2,896,000. Legal & General Group Plc boosted its stake in General Communication by 16.8% during the 2nd 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 purchased a new stake in General Communication during the 2nd quarter valued at $1,231,000. Bluefin Trading LLC purchased a new stake in General Communication during the 2nd quarter valued at $965,000. Finally, Cowen Inc. purchased a new stake in General Communication during the 2nd quarter valued at $6,841,000. Institutional investors own 64.11% of the company’s stock.

General Communication, Inc. (GNCMA) opened at $39.70 on Thursday. General Communication, Inc. has a 52 week low of $17.50 and a 52 week high of $43.63. The company has a debt-to-equity ratio of -511.65, a quick ratio of 1.19 and a current ratio of 1.24.

Several analysts have commented on the company. BidaskClub downgraded General Communication from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Drexel Hamilton upgraded General Communication from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd.

In other General Communication news, EVP G Wilson Hughes sold 3,630 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $42.16, for a total transaction of $153,040.80. Following the sale, the executive vice president now directly owns 654,925 shares of the company’s stock, valued at $27,611,638. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregory F. Chapados sold 30,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $39.72, for a total value of $1,191,600.00. Following the sale, the insider now directly owns 497,375 shares in the company, valued at $19,755,735. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,030 shares of company stock worth $1,855,981. 15.28% of the stock is owned by insiders.

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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)

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