General Communication CEO G Wilson Hughes Sells 6,510 Shares (GNCMA)
General Communication (NASDAQ:GNCMA) CEO G Wilson Hughes sold 6,510 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $11.35, for a total value of $73,888.50. Following the completion of the transaction, the chief executive officer now directly owns 867,498 shares of the company’s stock, valued at approximately $9,846,102. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on GNCMA shares. Analysts at Zacks downgraded shares of General Communication from a “neutral” rating to an “underperform” rating in a research note on Monday, May 5th. They now have a $10.20 price target on the stock. Analysts at Raymond James downgraded shares of General Communication from an “outperform” rating to a “market perform” rating in a research note on Friday, March 7th. They now have a $11.00 price target on the stock. They noted that the move was a valuation call.
Shares of General Communication (NASDAQ:GNCMA) traded up 0.53% during mid-day trading on Thursday, hitting $11.31. 119,985 shares of the company’s stock traded hands. General Communication has a 52 week low of $7.67 and a 52 week high of $11.75. The stock’s 50-day moving average is $10.85 and its 200-day moving average is $10.51. The company has a market cap of $469.6 million and a P/E ratio of 55.42.
General Communication (NASDAQ:GNCMA) last announced its earnings results on Thursday, May 8th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.11. On average, analysts predict that General Communication will post $0.15 earnings per share for the current fiscal year.
Provides transmission of interstate and intrastate private line and switched message long distance telephone service between Anchorage, Fairbanks, Juneau and other communities in Alaska, the continental United States, and foreign countries.
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