The stock of General Communication, Inc. (NASDAQ:GNCMA) is a huge mover today! The stock decreased 1.65% or $0.23 during the last trading session, hitting $13.75. About 164,249 shares traded hands. General Communication, Inc. (NASDAQ:GNCMA) has declined 27.97% since February 29, 2016 and is downtrending. It has underperformed by 38.40% the S&P500.
The move comes after 9 months negative chart setup for the $511.60 million company. It was reported on Oct, 1 by Barchart.com. We have $12.93 PT which if reached, will make NASDAQ:GNCMA worth $30.70M less.
Analysts await General Communication, Inc. (NASDAQ:GNCMA) to report earnings on November, 2.
According to Zacks Investment Research, “General Communication, Inc. is a diversified telecommunications provider with a leading position in facilities-based long distance service in the state of Alaska and, as a result of recent acquisitions, has become Alaska’s leading cable television service provider. The Company seeks to become the first significant provider in Alaska of an integrated package of telecommunications and cable television services.”
Insitutional Activity: The institutional sentiment decreased to 0.56 in 2016 Q2. Its down 0.86, from 1.42 in 2016Q1. The ratio turned negative, as 21 funds sold all General Communication, Inc. shares owned while 45 reduced positions. 8 funds bought stakes while 29 increased positions. They now own 20.76 million shares or 3.37% less from 21.48 million shares in 2016Q1.
Moreover, Vanguard Group Inc Inc has 0% invested in General Communication, Inc. (NASDAQ:GNCMA) for 2.74 million shares. State Board Of Administration Of Florida Retirement Systems accumulated 35,323 shares or 0% of the stock. Nationwide Fund Advsrs last reported 20,715 shares in the company. Impact Ltd Llc holds 51,316 shares or 0.38% of its portfolio. The Illinois-based Northern Trust has invested 0% in General Communication, Inc. (NASDAQ:GNCMA). Gabelli Funds Ltd owns 45,000 shares or 0% of their US portfolio. The United Kingdom-based Gsa Cap Prtnrs Limited Liability Partnership has invested 0.03% in General Communication, Inc. (NASDAQ:GNCMA). Teachers Advsr Incorporated holds 0% of its portfolio in General Communication, Inc. (NASDAQ:GNCMA) for 64,648 shares. The New York-based Jpmorgan Chase has invested 0% in General Communication, Inc. (NASDAQ:GNCMA). Teachers Retirement Of The State Of Kentucky last reported 0% of its portfolio in the stock. D E Shaw And Communication holds 201,848 shares or 0.01% of its portfolio. Blackrock Advisors Lc holds 14,314 shares or 0% of its portfolio. Blackrock Inv Ltd Liability Com accumulated 0% or 128,556 shares. Highbridge Mgmt Lc accumulated 22,068 shares or 0.01% of the stock. Trust Of Vermont holds 0.01% of its portfolio in General Communication, Inc. (NASDAQ:GNCMA) for 3,235 shares.
Insider Transactions: Since April 4, 2016, the stock had 0 insider buys, and 3 selling transactions for $16.14 million net activity. Pidgeon Tina had sold 2,095 shares worth $26,460. LANDES PAUL E also sold $51,840 worth of General Communication, Inc. (NASDAQ:GNCMA) on Wednesday, September 21. STANTON JOHN W sold $16.06M worth of stock or 1.00M shares.
More news for General Communication, Inc. (NASDAQ:GNCMA) were recently published by: Fool.com, which released: “General Communication Inc. Grows Revenue While Earnings Slump” on March 04, 2016. Fool.com‘s article titled: “There Was Nothing Cold About General Communication, Inc. This Quarter” and published on November 08, 2015 is yet another important article.
GNCMA Company Profile
General Communication, Inc., incorporated on July 16, 1979, is a holding company. The Company, together with its subsidiaries, is a diversified communications well-known provider with activities primarily in the State of Alaska. The Firm 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. The Firm operates in two divisions: Wireless and Wireline. The Company’s fiber network employs digital transmission technology over its fiber optic facilities, which include digital undersea fiber optic cable systems linking its Alaska terrestrial networks to the networks of other carriers.
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