Prudential Financial Inc. Sells 11,577 Shares of General Communication, Inc. (GNCMA)
Prudential Financial Inc. decreased its holdings in General Communication, Inc. (NASDAQ:GNCMA) by 20.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,812 shares of the utilities provider’s stock after selling 11,577 shares during the quarter. Prudential Financial Inc. owned 0.13% of General Communication worth $1,679,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its stake in General Communication by 3.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 190 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in General Communication during the 2nd quarter worth about $278,000. BNP Paribas Arbitrage SA raised its holdings in General Communication by 13.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,078 shares of the utilities provider’s stock worth $296,000 after buying an additional 954 shares during the period. Arizona State Retirement System lifted its stake in General Communication by 1.5% during the second quarter. Arizona State Retirement System now owns 13,965 shares of the utilities provider’s stock valued at $512,000 after buying an additional 200 shares in the last quarter. Finally, Texas Permanent School Fund lifted its stake in General Communication by 1.7% during the second quarter. Texas Permanent School Fund now owns 19,506 shares of the utilities provider’s stock valued at $715,000 after buying an additional 334 shares in the last quarter. Hedge funds and other institutional investors own 63.71% of the company’s stock.
General Communication, Inc. (NASDAQ GNCMA) opened at 40.79 on Monday. The stock’s market capitalization is $1.47 billion. The firm’s 50-day moving average is $42.25 and its 200 day moving average is $35.71. General Communication, Inc. has a 52-week low of $13.44 and a 52-week high of $43.63.
In other news, SVP William C. Behnke sold 16,250 shares of General Communication stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $42.80, for a total transaction of $695,500.00. Following the transaction, the senior vice president now directly owns 165,662 shares of the company’s stock, valued at $7,090,333.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 15.28% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was reported by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.watchlistnews.com/prudential-financial-inc-sells-11577-shares-of-general-communication-inc-gncma/1602240.html.
General Communication Profile
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.
Want to see what other hedge funds are holding GNCMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Communication, Inc. (NASDAQ:GNCMA).
Receive News & Ratings for General Communication Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Communication Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.