Tudor Investment Corp ET AL Takes Position in General Communication, Inc. (GNCMA)
Tudor Investment Corp ET AL bought a new position in shares of General Communication, Inc. (NASDAQ:GNCMA) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 21,046 shares of the utilities provider’s stock, valued at approximately $771,000. Tudor Investment Corp ET AL owned 0.06% of General Communication at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Farallon Capital Management LLC acquired a new position in shares of General Communication in the 2nd quarter worth approximately $23,412,000. Northern Trust Corp lifted its position in shares of General Communication by 0.5% in the 2nd quarter. Northern Trust Corp now owns 384,633 shares of the utilities provider’s stock worth $14,092,000 after purchasing an additional 2,093 shares during the period. Ratan Capital Management LP acquired a new position in shares of General Communication in the 2nd quarter worth approximately $12,213,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of General Communication in the 2nd quarter worth approximately $9,524,000. Finally, Principal Financial Group Inc. lifted its position in shares of General Communication by 3.7% in the 2nd quarter. Principal Financial Group Inc. now owns 208,717 shares of the utilities provider’s stock worth $7,647,000 after purchasing an additional 7,451 shares during the period. Institutional investors and hedge funds own 63.71% of the company’s stock.
Shares of General Communication, Inc. (GNCMA) opened at 42.20 on Friday. General Communication, Inc. has a 1-year low of $14.22 and a 1-year high of $43.63. The stock has a 50 day moving average of $41.72 and a 200 day moving average of $37.52. The company’s market cap is $1.52 billion.
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In related news, SVP William C. Behnke sold 16,250 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.28% of the company’s stock.
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.
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