John Malone Acquires 68,800 Shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone purchased 68,800 shares of the stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $25.22 per share, for a total transaction of $1,735,136.00. Following the acquisition, the director directly owned 2,492,050 shares of the company’s stock, valued at $62,849,501. This represents a 2.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

GCI Liberty, Inc. – Series C GCI Group Stock Up 3.8%

Shares of GCI Liberty, Inc. – Series C GCI Group stock opened at $26.69 on Friday. The stock has a 50-day moving average price of $22.27 and a 200 day moving average price of $30.08. The company has a market cap of $956.84 million and a P/E ratio of -2.37. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73. GCI Liberty, Inc. – Series C GCI Group has a 1 year low of $19.30 and a 1 year high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.40 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%. As a group, analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GLIBK has been the topic of several research reports. Weiss Ratings lowered shares of GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Zacks Research lowered shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in GLIBK. Quarry LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at approximately $30,000. Fifth Third Bancorp bought a new position in GCI Liberty, Inc. – Series C GCI Group during the first quarter valued at approximately $38,000. Versant Capital Management Inc raised its position in GCI Liberty, Inc. – Series C GCI Group by 2,965.3% during 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 in the last quarter. Highlander Partners L.P. acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at approximately $63,000. Finally, State of Wyoming acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at approximately $73,000.

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.