General Communication, Inc. (NASDAQ:GNCMA) saw a significant decrease in short interest in the month of December. As of December 29th, there was short interest totalling 358,158 shares, a decrease of 38.9% from the December 15th total of 585,940 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily volume of 75,865 shares, the days-to-cover ratio is currently 4.7 days.
General Communication (NASDAQ:GNCMA) opened at $41.40 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of -511.65. General Communication has a 1-year low of $17.50 and a 1-year high of $43.63. The company has a market cap of $1,494.46, a PE ratio of -15.98 and a beta of 0.58.
General Communication (NASDAQ:GNCMA) last released its earnings results on Wednesday, November 1st. The utilities provider reported ($0.25) EPS for the quarter. General Communication had a negative net margin of 9.70% and a negative return on equity of 618.31%.
In related news, CFO Peter Pounds sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $41.44, for a total transaction of $207,200.00. Following the transaction, the chief financial officer now directly owns 208,666 shares of the company’s stock, valued at $8,647,119.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP G Wilson Hughes sold 3,630 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $42.16, for a total transaction of $153,040.80. Following the transaction, the executive vice president now directly owns 654,925 shares in the company, valued at $27,611,638. The disclosure for this sale can be found here. Insiders sold 56,130 shares of company stock worth $2,267,859 over the last three months. Insiders own 15.28% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of GNCMA. Simplex Trading LLC acquired a new stake in General Communication during the 3rd quarter worth approximately $179,000. Piedmont Investment Advisors LLC acquired a new stake in General Communication during the 2nd quarter worth approximately $212,000. Crossmark Global Holdings Inc. acquired a new stake in General Communication during the 3rd quarter worth approximately $250,000. BNP Paribas Arbitrage SA boosted its position in General Communication by 13.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,078 shares of the utilities provider’s stock worth $296,000 after buying an additional 954 shares during the period. Finally, Douglas Lane & Associates LLC acquired a new stake in General Communication during the 3rd quarter worth approximately $346,000. Institutional investors own 64.11% of the company’s stock.
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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