Insider Selling: General Communication, Inc. (GNCMA) Director Sells 10,100 Shares of Stock

General Communication, Inc. (NASDAQ:GNCMA) Director Stephen R. Mooney sold 10,100 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were 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 owns 56,400 shares in the company, valued at approximately $2,299,992. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of General Communication, Inc. (NASDAQ GNCMA) opened at $41.40 on Monday. The stock has a market cap of $1,494.46, a P/E ratio of -15.98 and a beta of 0.58. The company has a debt-to-equity ratio of -511.65, a current ratio of 1.24 and a quick ratio of 1.19. General Communication, Inc. has a 12-month low of $17.50 and a 12-month high of $43.63.

General Communication (NASDAQ:GNCMA) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported ($0.25) earnings per share for the quarter. General Communication had a negative net margin of 9.70% and a negative return on equity of 618.31%.

Large investors have recently bought and sold shares of the stock. Bamco Inc. NY boosted its position in shares of General Communication by 5.7% during the 3rd quarter. Bamco Inc. NY now owns 185,000 shares of the utilities provider’s stock valued at $7,546,000 after acquiring an additional 10,000 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its position in shares of General Communication by 9.2% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 83,037 shares of the utilities provider’s stock valued at $3,386,000 after acquiring an additional 7,000 shares in the last quarter. Magnetar Financial LLC boosted its position in shares of General Communication by 18.0% during the 3rd quarter. Magnetar Financial LLC now owns 1,095,148 shares of the utilities provider’s stock valued at $44,671,000 after acquiring an additional 166,726 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of General Communication by 47.0% during the 3rd quarter. Wells Fargo & Company MN now owns 30,861 shares of the utilities provider’s stock valued at $1,259,000 after acquiring an additional 9,870 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of General Communication by 8.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 113,387 shares of the utilities provider’s stock valued at $4,602,000 after acquiring an additional 8,844 shares in the last quarter. Institutional investors and hedge funds own 64.11% of the company’s stock.

A number of brokerages recently weighed in on GNCMA. BidaskClub cut shares of General Communication from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Drexel Hamilton raised shares of General Communication from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd.

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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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