BidaskClub downgraded shares of General Communication (NASDAQ:GNCMA) from a buy rating to a hold rating in a research report report published on Thursday morning.

Separately, Drexel Hamilton upgraded General Communication from a sell rating to a hold rating in a research report on Thursday, November 2nd.

Shares of General Communication (GNCMA) traded up $0.34 during mid-day trading on Thursday, reaching $40.02. The company had a trading volume of 63,100 shares, compared to its average volume of 224,353. 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 has a 52 week low of $17.45 and a 52 week high of $43.63.

In other news, EVP G Wilson Hughes sold 3,630 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $42.16, for a total value of $153,040.80. Following the transaction, the executive vice president now owns 654,925 shares of the company’s stock, valued at approximately $27,611,638. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Peter Pounds sold 5,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $41.44, for a total value of $207,200.00. Following the completion of the transaction, the chief financial officer now directly owns 208,666 shares in the company, valued at approximately $8,647,119.04. The disclosure for this sale can be found here. Insiders have sold 38,630 shares of company stock valued at $1,551,841 over the last quarter. 15.28% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bamco Inc. NY increased its holdings in General Communication by 5.7% during the 3rd quarter. Bamco Inc. NY now owns 185,000 shares of the utilities provider’s stock worth $7,546,000 after purchasing an additional 10,000 shares during the period. Cornerstone Capital Management Holdings LLC. increased its holdings in shares of General Communication by 9.2% in 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 during the last quarter. Magnetar Financial LLC increased its holdings in shares of General Communication by 18.0% in 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 during the last quarter. Wells Fargo & Company MN increased its holdings in shares of General Communication by 47.0% in 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 during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of General Communication by 8.5% in 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 during the last quarter. Institutional investors own 64.87% 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.

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