GSA Capital Partners LLP Cuts Stake in General Communication, Inc. (GNCMA)
GSA Capital Partners LLP lessened its holdings in General Communication, Inc. (NASDAQ:GNCMA) by 26.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,913 shares of the utilities provider’s stock after selling 7,254 shares during the period. GSA Capital Partners LLP owned about 0.06% of General Communication worth $730,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. UBS Asset Management Americas Inc. purchased a new stake in General Communication during the 2nd quarter worth $462,000. Vestor Capital LLC purchased a new stake in General Communication during the 2nd quarter worth $134,000. Cowen Inc. purchased a new stake in General Communication during the 2nd quarter worth $6,841,000. Capital Fund Management S.A. purchased a new stake in General Communication during the 2nd quarter worth $5,419,000. Finally, P Schoenfeld Asset Management LP purchased a new stake in General Communication during the 2nd quarter worth $2,896,000. 63.71% of the stock is currently owned by institutional investors and hedge funds.
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Shares of General Communication, Inc. (GNCMA) opened at 42.28 on Friday. The stock’s market cap is $1.53 billion. General Communication, Inc. has a 1-year low of $14.22 and a 1-year high of $43.63. The company’s 50-day moving average is $41.71 and its 200 day moving average is $37.37.
In other news, SVP William C. Behnke sold 16,250 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $42.80, for a total value of $695,500.00. Following the completion of the sale, the senior vice president now directly owns 165,662 shares in the company, valued at $7,090,333.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 15.28% of the stock is currently owned by insiders.
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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