GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director Purchases $1,705,570.14 in Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone bought 66,702 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction on Wednesday, August 12th. The stock was acquired at an average price of $25.57 per share, for a total transaction of $1,705,570.14. Following the transaction, the director directly owned 2,558,752 shares of the company’s stock, valued at approximately $65,427,288.64. This trade represents a 2.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

GCI Liberty, Inc. – Series C GCI Group Trading Up 3.1%

Shares of NASDAQ GLIBK traded up $0.78 during mid-day trading on Wednesday, reaching $25.71. 600,534 shares of the company’s stock were exchanged, compared to its average volume of 618,154. The firm has a market capitalization of $921.78 million and a price-to-earnings ratio of -2.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37. GCI Liberty, Inc. – Series C GCI Group has a 52-week low of $19.30 and a 52-week high of $41.17. The company’s 50-day moving average is $22.05 and its 200-day moving average is $30.24.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.75). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. Analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings cut shares of GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Institutional Investors Weigh In On GCI Liberty, Inc. – Series C GCI Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $30,000. Fifth Third Bancorp acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the 1st quarter valued at about $38,000. Versant Capital Management Inc grew its position in GCI Liberty, Inc. – Series C GCI Group by 2,965.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,207 shares of the company’s stock valued at $48,000 after acquiring an additional 2,135 shares in the last quarter. Highlander Partners L.P. purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $63,000. Finally, State of Wyoming purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $73,000.

GCI Liberty, Inc. – Series C GCI Group Company Profile

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.