GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone Buys 68,800 Shares

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone bought 68,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $25.22 per share, for a total transaction of $1,735,136.00. Following the completion of the acquisition, the director directly owned 2,492,050 shares in the company, valued at $62,849,501. The trade was a 2.84% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

GLIBK opened at $25.71 on Thursday. The stock’s fifty day simple moving average is $22.15 and its 200 day simple moving average is $30.15. GCI Liberty, Inc. – Series C GCI Group has a 1-year low of $19.30 and a 1-year high of $41.17. The stock has a market cap of $921.70 million and a PE ratio of -2.29. 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 (NASDAQ:GLIBK) last released 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, research analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings cut shares of GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GLIBK. Quarry LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $30,000. Fifth Third Bancorp acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the first quarter valued at about $38,000. Versant Capital Management Inc increased 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 worth $48,000 after acquiring an additional 2,135 shares during the period. Highlander Partners L.P. bought a new position in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $63,000. Finally, State of Wyoming acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth about $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.