Arizona State Retirement System raised its stake in General Communication, Inc. (NASDAQ:GNCMA) by 222.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 44,437 shares of the utilities provider’s stock after buying an additional 30,672 shares during the quarter. Arizona State Retirement System owned approximately 0.12% of General Communication worth $1,734,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of GNCMA. Magnetar Financial LLC raised its stake in shares of General Communication by 18.0% during the third quarter. Magnetar Financial LLC now owns 1,095,148 shares of the utilities provider’s stock valued at $44,671,000 after purchasing an additional 166,726 shares in the last quarter. State Street Corp raised its stake in shares of General Communication by 1.1% during the second quarter. State Street Corp now owns 705,960 shares of the utilities provider’s stock valued at $25,868,000 after purchasing an additional 7,374 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of General Communication by 4.9% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 189,232 shares of the utilities provider’s stock valued at $7,384,000 after purchasing an additional 8,793 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of General Communication by 19.0% during the fourth quarter. Gabelli Funds LLC now owns 188,696 shares of the utilities provider’s stock valued at $7,363,000 after purchasing an additional 30,068 shares in the last quarter. Finally, Bamco Inc. NY raised its stake in shares of General Communication by 5.7% during the third quarter. Bamco Inc. NY now owns 185,000 shares of the utilities provider’s stock valued at $7,546,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 63.12% of the company’s stock.
Separately, BidaskClub cut shares of General Communication from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th.
General Communication, Inc. (NASDAQ GNCMA) opened at $36.28 on Tuesday. The firm has a market capitalization of $1,360.00, a PE ratio of -18.90 and a beta of 0.82. General Communication, Inc. has a 12 month low of $17.67 and a 12 month high of $44.11. The company has a debt-to-equity ratio of 30.85, a current ratio of 1.40 and a quick ratio of 1.32.
General Communication (NASDAQ:GNCMA) last issued its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.19 earnings per share for the quarter. General Communication had a negative return on equity of 193.00% and a negative net margin of 2.64%. The firm had revenue of $235.53 million for the quarter.
In other news, Director Stephen R. Mooney sold 10,100 shares of General Communication stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $40.78, for a total transaction of $411,878.00. Following the completion of the sale, the director now directly owns 56,400 shares in the company, valued at approximately $2,299,992. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 15.28% of the company’s stock.
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General Communication Profile
GCI Liberty, Inc, formerly 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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