Spark Investment Management LLC Sells 25,934 Shares of General Communication, Inc. (GNCMA)
Spark Investment Management LLC decreased its position in shares of General Communication, Inc. (NASDAQ:GNCMA) by 63.8% during the second quarter, Holdings Channel reports. The firm owned 14,700 shares of the utilities provider’s stock after selling 25,934 shares during the period. Spark Investment Management LLC’s holdings in General Communication were worth $538,000 at the end of the most recent quarter.
Separately, Municipal Employees Retirement System of Michigan increased its position in General Communication by 3.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock valued at $229,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 63.78% of the company’s stock.
General Communication, Inc. (GNCMA) opened at 42.44 on Friday. The company’s market capitalization is $1.53 billion. The firm has a 50-day moving average price of $39.13 and a 200 day moving average price of $31.36. General Communication, Inc. has a 1-year low of $12.26 and a 1-year high of $43.63.
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In other General Communication news, Director William Parker Glasgow sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $37.51, for a total value of $562,650.00. Following the sale, the director now directly owns 51,594 shares of the company’s stock, valued at $1,935,290.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen R. Mooney sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $37.19, for a total value of $278,925.00. Following the completion of the sale, the director now directly owns 73,900 shares in the company, valued at $2,748,341. The disclosure for this sale can be found here. 15.28% of the stock is currently owned by company insiders.
About General Communication
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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