GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director Acquires $26,000.00 in Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone bought 1,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the transaction, the director owned 2,559,752 shares of the company’s stock, valued at approximately $66,553,552. This represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

Shares of NASDAQ:GLIBK opened at $25.94 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37. GCI Liberty, Inc. – Series C GCI Group has a 1 year low of $19.30 and a 1 year high of $41.17. The firm has a market capitalization of $929.95 million and a PE ratio of -2.31. The business’s 50 day moving average price is $22.67 and its 200-day moving average price is $29.78.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.40 EPS for the quarter, missing the consensus estimate 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 research analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 2.58 earnings per share for the current fiscal year.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $30,000. Fifth Third Bancorp acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 1st quarter worth $38,000. Highlander Partners L.P. acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth $63,000. State of Wyoming purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter worth $73,000. Finally, US Bancorp DE acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $79,000.

Wall Street Analyst Weigh In

GLIBK has been the topic of several research reports. Zacks Research downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. Weiss Ratings restated a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research report on Tuesday. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

About GCI Liberty, Inc. – Series C GCI Group

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.