General Communication, Inc. (GNCMA) Shares Sold by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY lowered its stake in shares of General Communication, Inc. (NASDAQ:GNCMA) by 53.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,740 shares of the utilities provider’s stock after selling 9,943 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in General Communication were worth $341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Legal & General Group Plc lifted its holdings in shares of General Communication by 4.4% in the third quarter. Legal & General Group Plc now owns 53,175 shares of the utilities provider’s stock valued at $2,169,000 after purchasing an additional 2,237 shares in the last quarter. DLD Asset Management LP lifted its holdings in shares of General Communication by 33.3% in the fourth quarter. DLD Asset Management LP now owns 10,000 shares of the utilities provider’s stock valued at $390,000 after purchasing an additional 2,500 shares in the last quarter. Halcyon Management Partners LP lifted its holdings in shares of General Communication by 2.4% in the fourth quarter. Halcyon Management Partners LP now owns 171,622 shares of the utilities provider’s stock valued at $6,697,000 after purchasing an additional 4,036 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of General Communication by 22.4% in the fourth quarter. Wells Fargo & Company MN now owns 37,769 shares of the utilities provider’s stock valued at $1,473,000 after purchasing an additional 6,908 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of General Communication by 13.2% in the fourth quarter. Rhumbline Advisers now owns 68,409 shares of the utilities provider’s stock valued at $2,669,000 after purchasing an additional 7,992 shares in the last quarter. 63.12% of the stock is currently owned by institutional investors.

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NASDAQ:GNCMA opened at $36.28 on Thursday. The company has a debt-to-equity ratio of 30.85, a current ratio of 1.40 and a quick ratio of 1.32. General Communication, Inc. has a 1-year low of $17.67 and a 1-year high of $44.11.

General Communication (NASDAQ:GNCMA) last posted its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.19 earnings per share for the quarter. The business had revenue of $235.53 million during the quarter. General Communication had a negative net margin of 2.64% and a negative return on equity of 193.00%.

Separately, BidaskClub lowered shares of General Communication from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st.

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General Communication Profile

GCI Liberty, Inc, formerly 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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Institutional Ownership by Quarter for General Communication (NASDAQ:GNCMA)

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