Capital Fund Management S.A. bought a new stake in General Communication, Inc. (NASDAQ:GNCMA) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 147,910 shares of the utilities provider’s stock, valued at approximately $5,419,000. Capital Fund Management S.A. owned about 0.41% of General Communication as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of General Communication in the second quarter valued at about $9,524,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of General Communication in the second quarter valued at about $6,503,000. JPMorgan Chase & Co. grew its holdings in shares of General Communication by 357.0% in the second quarter. JPMorgan Chase & Co. now owns 104,543 shares of the utilities provider’s stock valued at $3,830,000 after purchasing an additional 81,669 shares during the period. P Schoenfeld Asset Management LP purchased a new stake in shares of General Communication in the second quarter valued at about $2,896,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of General Communication in the second quarter valued at about $1,935,000. Institutional investors and hedge funds own 63.71% of the company’s stock.
Shares of General Communication, Inc. (NASDAQ GNCMA) opened at 41.60 on Tuesday. The company has a 50 day moving average of $42.12 and a 200-day moving average of $34.74. General Communication, Inc. has a one year low of $12.83 and a one year high of $43.63. The stock’s market cap is $1.50 billion.
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In related news, SVP William C. Behnke sold 16,250 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 165,662 shares of the company’s stock, valued at approximately $7,090,333.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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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