GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Upgraded to “Hold” 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 research report released on Monday,Zacks.com reports.

Separately, Weiss Ratings cut shares of GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

GCI Liberty, Inc. – Series C GCI Group Stock Down 2.1%

GLIBK stock opened at $21.54 on Monday. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $19.30 and a twelve month high of $41.17. The company has a market cap of $772.21 million and a PE ratio of -2.01. The business’s 50-day simple moving average is $22.98 and its 200 day simple moving average is $32.26. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, research analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current year.

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

In other news, CEO Ronald A. Duncan bought 65,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the purchase, the chief executive officer owned 42,516 shares of the company’s stock, valued at approximately $894,536.64. The trade was a -289.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

Large investors have recently bought and sold shares of the business. Ruane Cunniff & Goldfarb L.P. grew its holdings in GCI Liberty, Inc. – Series C GCI Group by 43.9% during the fourth quarter. Ruane Cunniff & Goldfarb L.P. now owns 539,071 shares of the company’s stock valued at $20,059,000 after purchasing an additional 164,401 shares during the period. DigitalBridge Group Inc. acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $8,334,000. JPMorgan Chase & Co. acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at approximately $1,886,000. UBS Group AG grew its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 56.1% during the 4th quarter. UBS Group AG now owns 3,233,608 shares of the company’s stock worth $120,323,000 after acquiring an additional 1,162,370 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in GCI Liberty, Inc. – Series C GCI Group by 1,639.3% in the 4th quarter. Whittier Trust Co. now owns 29,621 shares of the company’s stock valued at $1,097,000 after buying an additional 27,918 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.