GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) CEO Buys $1,367,600.00 in Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) CEO Ronald Duncan purchased 65,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the acquisition, the chief executive officer directly owned 42,516 shares in the company, valued at $894,536.64. This represents a -289.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

NASDAQ:GLIBK opened at $21.56 on Friday. The firm has a market capitalization of $772.93 million and a price-to-earnings ratio of -2.01. GCI Liberty, Inc. – Series C GCI Group has a 1 year low of $20.33 and a 1 year high of $41.17. The business has a 50 day simple moving average of $30.97 and a 200-day simple moving average of $34.62. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly earnings data 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%. Equities analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current year.

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

A number of institutional investors and hedge funds have recently modified their holdings of GLIBK. Barclays PLC bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $119,947,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock worth $84,186,000 after acquiring an additional 2,262,429 shares during the last quarter. Vanguard Group Inc. bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $81,260,000. UBS Group AG bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $77,195,000. Finally, BROOKFIELD Corp ON bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter worth approximately $27,029,000.

Analyst Ratings Changes

Several equities research analysts have recently 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 research note on Thursday, May 21st. Zacks Research lowered GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group has an average rating of “Sell”.

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.