General Communication, Inc. (NASDAQ:GNCMA) Director Stephen R. Mooney sold 10,100 shares of General Communication stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $40.78, for a total transaction of $411,878.00. Following the transaction, the director now owns 56,400 shares in the company, valued at approximately $2,299,992. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of General Communication, Inc. (GNCMA) opened at $41.40 on Friday. General Communication, Inc. has a one year low of $17.50 and a one year high of $43.63. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of -511.65. The company has a market cap of $1,487.60, a price-to-earnings ratio of -15.98 and a beta of 0.58.
A number of research firms recently weighed in on GNCMA. BidaskClub cut shares of General Communication from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Drexel Hamilton upgraded shares of General Communication from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd.
Several institutional investors have recently bought and sold shares of GNCMA. Vestor Capital LLC purchased a new stake in General Communication in the 2nd quarter valued at about $134,000. Simplex Trading LLC purchased a new stake in General Communication in the 3rd quarter valued at about $179,000. Piedmont Investment Advisors LLC purchased a new stake in General Communication in the 2nd quarter valued at about $212,000. Crossmark Global Holdings Inc. purchased a new stake in General Communication in the 3rd quarter valued at about $250,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in General Communication by 3.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock valued at $229,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 64.11% of the company’s stock.
About General Communication
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.
Receive News & Ratings for General Communication Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Communication and related companies with MarketBeat.com's FREE daily email newsletter.