GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock Rating Upgraded by Wall Street Zen

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

GLIBK has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a report on Tuesday, August 18th. Zacks Research upgraded GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

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

Shares of GLIBK stock opened at $20.75 on Friday. 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 firm has a market cap of $743.89 million, a price-to-earnings ratio of -1.84 and a beta of -0.89. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $19.30 and a 52 week high of $41.17. The firm’s 50-day simple moving average is $24.49 and its two-hundred day simple moving average is $25.72.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 2.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John C. Malone acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average price of $26.00 per share, with a total value of $26,000.00. Following the acquisition, the director owned 2,559,752 shares in the company, valued at $66,553,552. The trade was a 0.04% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 543,232 shares of company stock valued at $13,582,081.

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

Several institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the first quarter worth about $38,000. Corient Private Wealth LLC raised its position in shares of GCI Liberty, Inc. – Series C GCI Group by 13.4% in the fourth quarter. Corient Private Wealth LLC now owns 11,767 shares of the company’s stock valued at $438,000 after purchasing an additional 1,391 shares during the period. Versant Capital Management Inc raised its position in shares of GCI Liberty, Inc. – Series C GCI Group by 2,965.3% in the second quarter. Versant Capital Management Inc now owns 2,207 shares of the company’s stock valued at $48,000 after purchasing an additional 2,135 shares during the period. Swiss National Bank raised its position in shares of GCI Liberty, Inc. – Series C GCI Group by 4.8% in the first quarter. Swiss National Bank now owns 67,079 shares of the company’s stock valued at $2,496,000 after purchasing an additional 3,100 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 4.1% during the 1st quarter. Gamco Investors INC. ET AL now owns 98,013 shares of the company’s stock valued at $3,647,000 after buying an additional 3,900 shares in the last quarter.

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

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.