General Communication, Inc. (NASDAQ:GNCMA) was upgraded by investment analysts at Drexel Hamilton from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

TRADEMARK VIOLATION NOTICE: “General Communication, Inc. (GNCMA) Upgraded to “Hold” at Drexel Hamilton” was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this report on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this report can be accessed at https://theolympiareport.com/2017/11/02/general-communication-inc-gncma-upgraded-to-hold-at-drexel-hamilton.html.

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

A number of institutional investors and hedge funds have recently made changes to their positions in GNCMA. Farallon Capital Management LLC acquired a new position in General Communication during the 2nd quarter worth about $23,412,000. Ratan Capital Management LP acquired a new position in General Communication during the 2nd quarter worth about $12,213,000. CNH Partners LLC acquired a new position in General Communication during the 2nd quarter worth about $9,671,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in General Communication during the 2nd quarter worth about $9,524,000. Finally, Tocqueville Asset Management L.P. acquired a new position in General Communication during the 3rd quarter worth about $8,799,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

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.

Receive News & Ratings for General Communication Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Communication Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.