Harbor Advisors LLC Has $2.20 Million Stake in General Communication, Inc. (GNCMA)
Harbor Advisors LLC lifted its stake in shares of General Communication, Inc. (NASDAQ:GNCMA) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,000 shares of the utilities provider’s stock after purchasing an additional 20,000 shares during the quarter. General Communication accounts for 0.9% of Harbor Advisors LLC’s holdings, making the stock its 13th biggest holding. Harbor Advisors LLC owned approximately 0.17% of General Communication worth $2,198,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GNCMA. Vestor Capital LLC acquired a new stake in shares of General Communication during the 2nd quarter worth approximately $134,000. Municipal Employees Retirement System of Michigan increased its stake in General Communication by 3.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 190 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in General Communication in the second quarter valued at approximately $278,000. BNP Paribas Arbitrage SA increased its stake in General Communication by 13.4% in the second quarter. BNP Paribas Arbitrage SA now owns 8,078 shares of the utilities provider’s stock valued at $296,000 after acquiring an additional 954 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in General Communication during the second quarter valued at approximately $462,000. 63.71% of the stock is currently owned by institutional investors.
In related news, SVP William C. Behnke sold 16,250 shares of General Communication stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $42.80, for a total transaction of $695,500.00. Following the completion of the sale, the senior vice president now owns 165,662 shares of the company’s stock, valued at $7,090,333.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 15.28% of the company’s stock.
Shares of General Communication, Inc. (NASDAQ:GNCMA) traded up 0.19% on Tuesday, reaching $41.35. 26,721 shares of the company’s stock traded hands. The firm’s market cap is $1.49 billion. General Communication, Inc. has a one year low of $14.11 and a one year high of $43.63. The company’s 50-day moving average price is $41.81 and its 200 day moving average price is $37.15.
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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