General Communication (NASDAQ:GNCMA) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
Separately, Drexel Hamilton raised General Communication from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd.
General Communication (GNCMA) traded up $0.23 during midday trading on Thursday, hitting $39.68. The stock had a trading volume of 211,945 shares, compared to its average volume of 225,015. The company has a debt-to-equity ratio of -511.65, a current ratio of 1.24 and a quick ratio of 1.19. General Communication has a 1 year low of $17.45 and a 1 year high of $43.63.
A number of institutional investors have recently made changes to their positions in GNCMA. P Schoenfeld Asset Management LP bought a new stake in shares of General Communication in the 2nd quarter valued at approximately $2,896,000. Dupont Capital Management Corp bought a new stake in shares of General Communication in the 2nd quarter valued at approximately $1,429,000. Legal & General Group Plc lifted its stake in shares of General Communication by 16.8% in the 2nd quarter. Legal & General Group Plc now owns 50,938 shares of the utilities provider’s stock valued at $1,866,000 after purchasing an additional 7,339 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of General Communication in the 2nd quarter valued at approximately $1,231,000. Finally, Bluefin Trading LLC bought a new stake in shares of General Communication in the 2nd quarter valued at approximately $965,000. 64.87% of the stock is owned by institutional investors.
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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.
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