The New Searchlight Alx Lp Holding in General Communication Inc
Searchlight Alx Lp filed with the SEC SC 13D form for General Communication Inc. The form can be accessed here: 000080846116000268. As reported in Searchlight Alx Lp’s form, the filler as of late owns 5.1% or 1,727,661 shares of the Utilities & Telecommunications–company.
General Communication Inc stake is a new one for the and it was filed because of activity on October 3, 2016. We feel this shows Searchlight Alx Lp’s positive view for the stock.
Reasons Why Searchlight Alx Lp Bought – General Communication Inc Stock
Item 4. Purpose of Transaction
The information set forth in Items 3 and 6 hereof is hereby incorporated by reference into this Item 4.
The Reporting Persons acquired beneficial ownership of the shares of Common Stock as described in this Schedule 13D for investment purposes and intend to review their investments in the Issuer on a continuing basis.Subject to the terms of the Securityholder Agreement (as defined below) and depending on various factors, including but not limited to the Issuer’s financial position and strategic direction, price levels of the Common Stock, conditions in the securities markets, and general economic and industry conditions, the Reporting Persons may in the future take actions with respect to the investment in the Issuer as they deem appropriate, including changing their current intentions, with respect to any or all matters required to be disclosed in this Schedule13D.
As of the date of this filing, the Reporting Persons have the right to nominate one director (the “
”) to serve on the Issuer’s board of directors, which currently consists of ten directors, including the Reporting Persons’ nominee. The Reporting Persons’ nominee was first elected to the Issuer’s board of directors on March5, 2015.
The Reporting Persons have reviewed and intend to continually review, consider and evaluate their ongoing investment in the Common Stock and all potential options with respect thereto. The Reporting Persons may, with or without the assistance of legal and/or financial advisors, engage in communications (including, without limitation, through the Searchlight Director) with, without limitation, one or more shareholders of the Issuer, management of the Issuer, one or more members of the board of directors of the Issuer, and may make suggestions, recommendations and/or proposals concerning changes to the Issuer’s operations, prospects, business and financial strategies, strategic transactions, assets and liabilities, business and financing alternatives and such other matters as the Reporting Persons may deem relevant to their investment in the Common Stock and other securities.The Reporting Persons expect that they will, from time to time, review their investment position, with or without the assistance of legal and/or financial advisors, in the Issuer and may, depending on the Issuer’s performance, other market conditions and such other matters as the Reporting Persons may deem relevant , increase or decrease their investment position in the Issuer’s Common Stock.In addition, the Reporting Persons may, from time to time, make additional purchases of Common Stock either in the open market or in privately-negotiated transactions, depending upon the Reporting Persons’ evaluation of the Issuer’s business, prospects and financial condition, the market for the Common Stock, other opportunities available to the Reporting Persons, general economic conditions, stock market conditions and other factors.Depending upon the factors noted above, the Reporting Persons may also decide to hold or dispose of all or part of their investments in the Common Stock and/or enter into derivative transactions with institutional counterparties with respect to the Issuer’s securities, including the Common Stock.
Except as set forth in this Item 4 or Item 6 below, the Reporting Persons have no present plans or proposals that relate to or that would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D of the Exchange Act.
General Communication Inc Institutional Sentiment
Latest Security and Exchange filings show 123 investors own General Communication Inc. The institutional ownership in Q3 2015 is high, at 84.12% of the outstanding shares. This is increased by 5910851 the total institutional shares. 28566480 were the shares owned by these institutional investors. In total 15 funds opened new General Communication Inc stakes, 49 increased stakes. There were 16 that closed positions and 43 reduced them.
2 managers had the stock in their top Ten. Notable investors are: .
Capital Impact Advisors Llc is an institutional investor bullish on General Communication Inc, owning 27893 shares as of Q3 2015 for 0.24% of its portfolio. Matarin Capital Management Llc owns 184048 shares or less than 0.01% of its portfolio. CA Stonerise Capital Management Llc have 3.82% of their stock portfolio for 500000 shares. Further, Tfs Capital Llc reported stake worth 0.32% of its US stock portfolio. The CA Private Management Group Inc owns 2567774 shares. General Communication Inc is 2.88% of the manager’s US portfolio.
General Communication, Inc. is a holding company. The Company, together with its subsidiaries, is a diversified 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. The Company operates in two segments: Wireless and Wireline. The Company’s Wireless segment provides wholesale wireless services to wireless carriers. The Company’s Wireline segment offers services and products under three major customer groups, such as consumer, business services and managed broadband. Its fiber network employs digital transmission technology over its fiber optic facilities, which include digital undersea fiber optic cable systems linking its Alaska terrestrial networks to the networks of other carriers.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment decreased to 0.56 in 2016 Q2. Its down 0.86, from 1.42 in 2016Q1. The ratio dived, as 21 funds sold all General Communication, Inc. shares owned while 45 reduced positions. 8 funds bought stakes while 29 increased positions. They now own 20.76 million shares or 3.37% less from 21.48 million shares in 2016Q1.
Teachers Inc has 64,648 shares for 0% of their US portfolio. The Massachusetts-based Geode Management Ltd Limited Liability Company has invested 0% in General Communication, Inc. (NASDAQ:GNCMA). D E Shaw has 0.01% invested in the company for 201,848 shares. State Street, a Massachusetts-based fund reported 694,858 shares. The New York-based Highbridge Ltd has invested 0.01% in General Communication, Inc. (NASDAQ:GNCMA). Apriem Advsrs holds 1,200 shares or 0.01% of its portfolio. Manufacturers Life Insurance The has invested 0% of its portfolio in General Communication, Inc. (NASDAQ:GNCMA). Fmr Ltd holds 0% or 483,669 shares in its portfolio. Secor Cap Limited Partnership, a New York-based fund reported 54,337 shares. Tower Rech Cap Ltd Liability Company (Trc), a New York-based fund reported 1,145 shares. Metropolitan Life Insurance Ny reported 24,743 shares or 0% of all its holdings. Blackrock Investment Mgmt Ltd Company reported 128,556 shares or 0% of all its holdings. Barclays Public Ltd Company last reported 0% of its portfolio in the stock. Gsa Capital Prtnrs Llp owns 30,937 shares or 0.03% of their US portfolio. Pnc Financial Svcs Grp Inc Inc holds 110,422 shares or 0% of its portfolio.
Insider Transactions: Since July 11, 2016, the stock had 1 buy, and 3 sales for $15.00 million net activity. Shares for $1.14 million were bought by Searchlight ALX LP on Monday, October 3. Pidgeon Tina also sold $26,460 worth of General Communication, Inc. (NASDAQ:GNCMA) on Tuesday, August 23. The insider STANTON JOHN W sold $16.06M. 3,840 shares were sold by LANDES PAUL E, worth $51,840.
Analysts await General Communication, Inc. (NASDAQ:GNCMA) to report earnings on November, 2.
About 69,650 shares traded hands. General Communication, Inc. (NASDAQ:GNCMA) has declined 20.90% since March 10, 2016 and is downtrending. It has underperformed by 28.42% the S&P500.
General Communication, Inc. is a holding company. The company has a market cap of $537.17 million. The Company, together with its subsidiaries, is a diversified communications well-known provider with activities primarily in the State of Alaska. It has a 40.33 P/E ratio. The Firm 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.
More news for General Communication, Inc. (NASDAQ:GNCMA) were recently published by: Fool.com, which released: “There Was Nothing Cold About General Communication, Inc. This Quarter” on November 08, 2015. Fool.com‘s article titled: “General Communication Inc. Grows Revenue While Earnings Slump” and published on March 04, 2016 is yet another important article.
According to Zacks Investment Research, “General Communication, Inc. is a diversified telecommunications provider with a leading position in facilities-based long distance service in the state of Alaska and, as a result of recent acquisitions, has become Alaska’s leading cable television service provider. The Company seeks to become the first significant provider in Alaska of an integrated package of telecommunications and cable television services.”
GNCMA Company Profile
General Communication, Inc., incorporated on July 16, 1979, is a holding company. The Company, together with its subsidiaries, is a diversified communications well-known provider with activities primarily in the State of Alaska. The Firm 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. The Firm operates in two divisions: Wireless and Wireline. The Company’s fiber network employs digital transmission technology over its fiber optic facilities, which include digital undersea fiber optic cable systems linking its Alaska terrestrial networks to the networks of other carriers.
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