GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Upgraded at Zacks Research

Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

GCI Liberty, Inc. – Series C GCI Group Stock Down 0.2%

Shares of NASDAQ GLIBK opened at $23.68 on Monday. The stock has a market cap of $848.93 million, a P/E ratio of -2.10 and a beta of -0.89. 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 has a 12-month low of $19.30 and a 12-month high of $41.17. The business’s fifty day simple moving average is $24.89 and its 200-day simple moving average is $26.50.

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 (EPS) 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 predict that GCI Liberty, Inc. – Series C GCI Group will post 2.58 EPS for the current fiscal year.

Insider Activity at GCI Liberty, Inc. – Series C GCI Group

In other news, Director John C. Malone acquired 406,730 shares of the company’s stock in a transaction on Monday, August 10th. The shares were bought at an average price of $24.87 per share, with a total value of $10,115,375.10. Following the completion of the acquisition, the director owned 2,423,250 shares in the company, valued at $60,266,227.50. This trade represents a 20.17% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have acquired 543,232 shares of company stock valued at $13,582,081.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wedmont Private Capital acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the second quarter valued at approximately $387,000. AXQ Capital LP increased its stake in GCI Liberty, Inc. – Series C GCI Group by 217.5% in the 2nd quarter. AXQ Capital LP now owns 83,962 shares of the company’s stock valued at $1,810,000 after buying an additional 57,515 shares during the period. Versant Capital Management Inc increased its stake in GCI Liberty, Inc. – Series C GCI Group by 2,965.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,207 shares of the company’s stock valued at $48,000 after buying an additional 2,135 shares during the period. Bank of America Corp DE raised its position in GCI Liberty, Inc. – Series C GCI Group by 50.9% during the 1st quarter. Bank of America Corp DE now owns 200,832 shares of the company’s stock worth $7,473,000 after buying an additional 67,739 shares during the last quarter. Finally, Amundi purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the 1st quarter worth $2,818,000.

About GCI Liberty, Inc. – Series C GCI Group

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.