Virginia Retirement Systems ET AL bought a new position in shares of General Communication, Inc. (NASDAQ:GNCMA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,600 shares of the utilities provider’s stock, valued at approximately $278,000.

Several other large investors also recently bought and sold shares of GNCMA. Municipal Employees Retirement System of Michigan lifted its position in shares of General Communication by 3.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 190 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of General Communication by 13.4% in the second quarter. BNP Paribas Arbitrage SA now owns 8,078 shares of the utilities provider’s stock worth $296,000 after purchasing an additional 954 shares during the period. Arizona State Retirement System increased its holdings in shares of General Communication by 1.5% in the second 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 period. Texas Permanent School Fund increased its holdings in shares of General Communication by 1.7% in the second 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 period. Finally, Dupont Capital Management Corp bought a new position in shares of General Communication in the second quarter worth $1,429,000. Hedge funds and other institutional investors own 63.71% of the company’s stock.

In related news, SVP William C. Behnke sold 16,250 shares of General Communication stock in a transaction on Tuesday, September 5th. The shares were 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 in the company, valued at approximately $7,090,333.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 15.28% of the stock is currently owned by insiders.

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General Communication, Inc. (NASDAQ GNCMA) opened at 41.60 on Tuesday. The stock has a 50 day moving average of $42.12 and a 200 day moving average of $34.74. The company’s market cap is $1.50 billion. General Communication, Inc. has a 12-month low of $12.83 and a 12-month high of $43.63.

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.

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

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