General Communication, Inc. (GNCMA) Director Stephen R. Mooney Sells 10,100 Shares

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.

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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.

Insider Buying and Selling by Quarter for General Communication (NASDAQ:GNCMA)

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