Lazard Asset Management LLC Buys Shares of 59,074 GCI Liberty, Inc. – Series C GCI Group $GLIBK

Lazard Asset Management LLC purchased a new position in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) during the 1st quarter, Holdings Channel reports. The fund purchased 59,074 shares of the company’s stock, valued at approximately $2,198,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quarry LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at $30,000. FNY Investment Advisers LLC purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth $33,000. Fifth Third Bancorp bought a new position in GCI Liberty, Inc. – Series C GCI Group in the 1st quarter worth $38,000. Highlander Partners L.P. bought a new position in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth $63,000. Finally, State of Wyoming purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter valued at $73,000.

GCI Liberty, Inc. – Series C GCI Group Stock Performance

NASDAQ GLIBK opened at $23.17 on Monday. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $19.30 and a twelve month high of $41.17. The business has a 50-day moving average price of $21.87 and a 200-day moving average price of $30.92. The firm has a market cap of $830.64 million and a price-to-earnings ratio of -2.16.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. As a group, equities research analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Insider Transactions at GCI Liberty, Inc. – Series C GCI Group

In related news, CEO Ronald A. Duncan acquired 65,000 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the transaction, the chief executive officer directly owned 42,516 shares in the company, valued at approximately $894,536.64. This represents a -289.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

About GCI Liberty, Inc. – Series C GCI Group

GCI Liberty Inc is an American holding company whose principal operating asset is a majority ownership interest in General Communication Inc, the largest integrated telecommunications provider in the state of Alaska. GCI Liberty was formed in December 2019 as a tracking stock of Liberty Interactive Group to hold certain communications and digital media investments. Its shares trade on the NASDAQ under the ticker symbol GLIBK.

Through its subsidiary, the company delivers high-speed broadband internet, cable and direct-to-home video distribution, fixed voice, and mobile wireless services to residential customers across Alaska.