California State Teachers Retirement System Sells 5,846 Shares of General Communication, Inc. (GNCMA)

California State Teachers Retirement System lessened its holdings in shares of General Communication, Inc. (NASDAQ:GNCMA) by 11.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,161 shares of the utilities provider’s stock after selling 5,846 shares during the quarter. California State Teachers Retirement System owned 0.13% of General Communication worth $1,728,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vestor Capital LLC bought a new stake in General Communication during the 2nd quarter valued at $134,000. Municipal Employees Retirement System of Michigan increased its stake in General Communication by 3.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 190 shares in the last quarter. Virginia Retirement Systems ET AL bought a new stake in General Communication during the 2nd quarter valued at $278,000. BNP Paribas Arbitrage SA increased its stake 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 valued at $296,000 after purchasing an additional 954 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new stake in General Communication during the 2nd quarter valued at $462,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

In other General Communication news, EVP G Wilson Hughes sold 3,630 shares of General Communication stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $42.16, for a total transaction of $153,040.80. Following the transaction, the executive vice president now directly owns 654,925 shares of the company’s stock, valued at approximately $27,611,638. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the senior vice president now directly owns 165,662 shares in the company, valued at $7,090,333.60. The disclosure for this sale can be found here. 15.28% of the stock is owned by insiders.

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General Communication, Inc. (NASDAQ GNCMA) opened at $41.13 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of -511.65. General Communication, Inc. has a fifty-two week low of $16.43 and a fifty-two week high of $43.63.

Separately, Drexel Hamilton upgraded shares of General Communication from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd.

General Communication Company 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.

Institutional Ownership by Quarter for General Communication (NASDAQ:GNCMA)

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