GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Downgraded to Strong Sell Rating by Zacks Research

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings downgraded 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. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group has an average rating of “Sell”.

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

GLIBK stock opened at $25.71 on Tuesday. The stock has a market capitalization of $921.70 million and a PE ratio of -2.29. 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 has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $22.15 and a 200 day moving average of $30.15.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.75). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%. Sell-side analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 2.58 earnings per share for the current year.

Insider Buying and Selling at GCI Liberty, Inc. – Series C GCI Group

In other GCI Liberty, Inc. – Series C GCI Group news, CEO Ronald A. Duncan bought 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $894,536.64. This trade represents a -289.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John C. Malone purchased 406,730 shares of the stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of $24.87 per share, for a total transaction of $10,115,375.10. Following the completion of the acquisition, the director owned 2,423,250 shares of the company’s stock, valued at $60,266,227.50. The trade was a 20.17% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 609,732 shares of company stock valued at $14,976,306.

Institutional Trading of GCI Liberty, Inc. – Series C GCI Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its holdings in GCI Liberty, Inc. – Series C GCI Group by 2,965.3% in the second 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 during the period. Bank of America Corp DE increased its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 50.9% during the 1st quarter. Bank of America Corp DE now owns 200,832 shares of the company’s stock valued at $7,473,000 after purchasing an additional 67,739 shares in the last quarter. Amundi acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 1st quarter valued at $2,818,000. California State Teachers Retirement System lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 40.0% in the 1st quarter. California State Teachers Retirement System now owns 42,820 shares of the company’s stock valued at $1,593,000 after purchasing an additional 12,244 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 64.3% in the 1st quarter. Quantinno Capital Management LP now owns 113,411 shares of the company’s stock valued at $4,220,000 after purchasing an additional 44,368 shares during the period.

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.