GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Shares Gap Up Following Insider Buying Activity

Shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) gapped up before the market opened on Friday following insider buying activity. The stock had previously closed at $20.71, but opened at $21.77. GCI Liberty, Inc. – Series C GCI Group shares last traded at $21.2950, with a volume of 111,393 shares trading hands.

Specifically, CEO Ronald A. Duncan acquired 65,000 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the purchase, the chief executive officer owned 42,516 shares in the company, valued at approximately $894,536.64. This trade represents a -289.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ronald A. Duncan purchased 2,500 shares of the stock in a transaction on Wednesday, June 3rd. The shares were bought at an average price of $21.05 per share, for a total transaction of $52,625.00. Following the acquisition, the chief executive officer owned 130,164 shares of the company’s stock, valued at approximately $2,739,952.20. The trade was a 1.96% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Analyst Ratings Changes

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

GCI Liberty, Inc. – Series C GCI Group Stock Up 2.4%

The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. The business’s fifty day moving average price is $31.28 and its 200 day moving average price is $34.71. The company has a market capitalization of $760.27 million and a P/E ratio of -1.98.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, equities research analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently modified their holdings of GLIBK. Barclays PLC grew its position in GCI Liberty, Inc. – Series C GCI Group by 5.2% in the fourth quarter. Barclays PLC now owns 3,386,430 shares of the company’s stock valued at $126,009,000 after acquiring an additional 168,113 shares during the period. UBS Group AG grew its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 56.1% in the 4th quarter. UBS Group AG now owns 3,233,608 shares of the company’s stock worth $120,323,000 after purchasing an additional 1,162,370 shares during the last quarter. Vanguard Group Inc. increased its position in shares of GCI Liberty, Inc. – Series C GCI Group by 40.2% during the 4th quarter. Vanguard Group Inc. now owns 3,057,197 shares of the company’s stock worth $113,758,000 after purchasing an additional 876,902 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock valued at $84,186,000 after buying an additional 2,262,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in GCI Liberty, Inc. – Series C GCI Group by 36.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,504,923 shares of the company’s stock worth $55,996,000 after buying an additional 398,769 shares during the last quarter.

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.