GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Raised to Hold at Zacks Research

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

Separately, Weiss Ratings restated a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

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

Shares of GLIBK opened at $23.73 on Monday. 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 debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37. The stock has a 50 day moving average price of $24.89 and a two-hundred day moving average price of $26.59. The firm has a market capitalization of $850.72 million, a P/E ratio of -2.11 and a beta of -0.89.

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 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%. Equities analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 2.58 earnings per share for the current fiscal year.

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

In other news, Director John C. Malone bought 1,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the director owned 2,559,752 shares of the company’s stock, valued at approximately $66,553,552. This trade represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders purchased a total of 543,232 shares of company stock worth $13,582,081 over the last ninety days.

Hedge Funds Weigh In On GCI Liberty, Inc. – Series C GCI Group

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the 1st quarter valued at about $38,000. Versant Capital Management Inc increased its stake in shares of 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 buying an additional 2,135 shares during the period. Lionstone Capital Management LLC lifted its stake in GCI Liberty, Inc. – Series C GCI Group by 38.4% in the fourth quarter. Lionstone Capital Management LLC now owns 6,810 shares of the company’s stock worth $253,000 after acquiring an additional 1,889 shares during the period. Yakira Capital Management Inc. bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at $287,000. Finally, Counterpoint Mutual Funds LLC bought a new position in GCI Liberty, Inc. – Series C GCI Group in the 1st quarter worth $299,000.

About GCI Liberty, Inc. – Series C GCI Group

GCI Liberty, Inc was a holding company associated with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered wireless and wireline communications, data connectivity, broadband internet, video services, and voice services to residential, business, government, and wholesale customers.

GCI’s network served communities throughout Alaska, including areas where geographic conditions and limited infrastructure create significant challenges for communications providers.