Insider Selling: GCI Liberty Inc (NASDAQ:GLIBA) CEO Sells 31,127 Shares of Stock

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GCI Liberty Inc (NASDAQ:GLIBA) CEO Gregory B. Maffei sold 31,127 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $70.39, for a total transaction of $2,191,029.53. Following the transaction, the chief executive officer now owns 1,123,462 shares of the company’s stock, valued at approximately $79,080,490.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

GLIBA stock traded down $0.57 during trading on Wednesday, hitting $69.60. The company had a trading volume of 384,969 shares, compared to its average volume of 407,072. The firm has a market capitalization of $7.35 billion, a P/E ratio of -44.05 and a beta of 1.37. GCI Liberty Inc has a 52-week low of $38.72 and a 52-week high of $74.31. The company has a 50 day simple moving average of $69.95 and a 200-day simple moving average of $63.72. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.40.

A number of equities analysts recently weighed in on GLIBA shares. Citigroup upgraded shares of GCI Liberty from a “neutral” rating to a “buy” rating and upped their target price for the stock from $76.00 to $80.00 in a research report on Tuesday, November 12th. B. Riley increased their price objective on shares of GCI Liberty from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. ValuEngine lowered shares of GCI Liberty from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of GCI Liberty from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Tuesday, November 19th. Finally, Evercore ISI assumed coverage on shares of GCI Liberty in a report on Thursday, August 15th. They issued an “outperform” rating and a $70.00 target price for the company. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $75.00.

Hedge funds have recently bought and sold shares of the stock. Quest Capital Management Inc. ADV purchased a new position in GCI Liberty in the 3rd quarter worth about $27,000. Ladenburg Thalmann Financial Services Inc. increased its stake in GCI Liberty by 27.9% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,060 shares of the company’s stock worth $65,000 after buying an additional 231 shares during the period. Financial Gravity Wealth Inc. increased its stake in GCI Liberty by 308.8% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 1,574 shares of the company’s stock worth $97,000 after buying an additional 1,189 shares during the period. SG Americas Securities LLC increased its stake in GCI Liberty by 10.3% in the 3rd quarter. SG Americas Securities LLC now owns 1,888 shares of the company’s stock worth $117,000 after buying an additional 176 shares during the period. Finally, Comerica Bank purchased a new position in GCI Liberty in the 2nd quarter worth about $216,000. 87.35% of the stock is currently owned by institutional investors.

GCI Liberty Company Profile

GCI Liberty, Inc, together with its subsidiaries, provides various communication services in the United States. The company offers data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services.

See Also: Average Daily Trade Volume – ADTV

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