GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Shares Gap Down – Should You Sell?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) shares gapped down prior to trading on Wednesday . The stock had previously closed at $36.43, but opened at $34.50. GCI Liberty, Inc. – Series C GCI Group shares last traded at $34.58, with a volume of 38,515 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research note on Wednesday, November 19th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group presently has an average rating of “Buy”.

GCI Liberty, Inc. – Series C GCI Group Trading Down 5.4%

The company’s 50 day moving average is $35.77. The company has a market cap of $988.65 million and a P/E ratio of 6.04. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.77.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($13.34) earnings per share for the quarter.

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

In other GCI Liberty, Inc. – Series C GCI Group news, Director Jedd Gould acquired 15,000 shares of the stock in a transaction dated Monday, November 17th. The shares were acquired at an average cost of $34.11 per share, for a total transaction of $511,650.00. Following the completion of the transaction, the director directly owned 15,051 shares of the company’s stock, valued at approximately $513,389.61. The trade was a 29,411.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John C. Malone acquired 8,092 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was acquired at an average cost of $34.98 per share, with a total value of $283,058.16. Following the purchase, the director owned 1,216,098 shares of the company’s stock, valued at approximately $42,539,108.04. This trade represents a 0.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 28,352 shares of company stock valued at $978,656 in the last ninety days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at approximately $30,000. Western Pacific Wealth Management LP bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $31,000. Bartlett & CO. Wealth Management LLC purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at $48,000. JTC Employer Solutions Trustee Ltd bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $49,000. Finally, Amalgamated Bank purchased a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth $50,000.

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

GCI Liberty Inc consists of its wholly owned subsidiary GCI. The company is communications provider, providing data, voice and managed services to consumer and business customers throughout Alaska. GCI Liberty Inc is based in ENGLEWOOD, Colo.