Bank of New York Mellon Corp Sells 23,197 Shares of General Communication, Inc. (GNCMA)
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.
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.
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