General Communication, Inc. (GNCMA) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its position in shares of General Communication, Inc. (NASDAQ:GNCMA) by 11.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 217,173 shares of the utilities provider’s stock after selling 28,700 shares during the period. California Public Employees Retirement System owned about 0.60% of General Communication worth $7,957,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan lifted its holdings in shares of General Communication by 3.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,250 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 190 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of General Communication by 3.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 39,944 shares of the utilities provider’s stock worth $1,463,000 after purchasing an additional 1,500 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of General Communication by 1.7% in the 2nd 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 last quarter. Arizona State Retirement System lifted its holdings in shares of General Communication by 1.5% in the 2nd 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 last quarter. Finally, Dupont Capital Management Corp bought a new stake in shares of General Communication in the 2nd quarter worth approximately $1,429,000. 63.71% of the stock is currently owned by institutional investors.

In other General Communication news, SVP William C. Behnke sold 16,250 shares of General Communication stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $42.80, for a total transaction of $695,500.00. Following the sale, the senior vice president now directly owns 165,662 shares of the company’s stock, valued at $7,090,333.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.28% of the stock is currently owned by insiders.

Shares of General Communication, Inc. (NASDAQ GNCMA) opened at 42.10 on Thursday. The company’s market cap is $1.52 billion. The company has a 50 day moving average price of $41.70 and a 200 day moving average price of $38.08. General Communication, Inc. has a one year low of $14.22 and a one year high of $43.63.

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General Communication Company Profile

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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