Comerica Bank Lowers Position in General Communication, Inc. (GNCMA)

Comerica Bank trimmed its holdings in General Communication, Inc. (NASDAQ:GNCMA) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,061 shares of the utilities provider’s stock after selling 1,255 shares during the period. Comerica Bank owned 0.08% of General Communication worth $1,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dupont Capital Management Corp acquired a new stake in shares of General Communication during the 2nd quarter worth about $1,429,000. Legal & General Group Plc boosted its stake in shares of General Communication by 16.8% during the 2nd quarter. Legal & General Group Plc now owns 50,938 shares of the utilities provider’s stock worth $1,866,000 after purchasing an additional 7,339 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of General Communication by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 13,965 shares of the utilities provider’s stock worth $512,000 after purchasing an additional 200 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of General Communication by 1.7% during the 2nd quarter. Texas Permanent School Fund now owns 19,506 shares of the utilities provider’s stock worth $715,000 after purchasing an additional 334 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of General Communication by 3.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 39,944 shares of the utilities provider’s stock worth $1,463,000 after purchasing an additional 1,500 shares during the last quarter. 63.71% of the stock is currently owned by hedge funds and other institutional investors.

In other General Communication news, SVP William C. Behnke sold 16,250 shares of General Communication stock in a transaction dated 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 owns 165,662 shares of the company’s stock, valued at approximately $7,090,333.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 15.28% of the company’s stock.

Shares of General Communication, Inc. (GNCMA) opened at 40.80 on Monday. The firm’s market capitalization is $1.47 billion. General Communication, Inc. has a 1-year low of $12.83 and a 1-year high of $43.63. The firm’s 50 day moving average is $42.31 and its 200 day moving average is $35.18.

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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.

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

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