GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone Acquires 66,702 Shares

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone purchased 66,702 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $25.57 per share, with a total value of $1,705,570.14. Following the acquisition, the director directly owned 2,558,752 shares in the company, valued at approximately $65,427,288.64. The trade was a 2.68% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

GCI Liberty, Inc. – Series C GCI Group Stock Up 3.1%

GLIBK stock opened at $25.71 on Thursday. GCI Liberty, Inc. – Series C GCI Group has a one year low of $19.30 and a one year high of $41.17. The firm has a market cap of $921.70 million and a PE ratio of -2.29. The firm’s 50 day moving average price is $22.15 and its 200-day moving average price is $30.15. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.75). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%. On average, equities research analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 2.58 EPS for the current year.

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

Several large investors have recently made changes to their positions in GLIBK. Ruane Cunniff & Goldfarb L.P. increased its holdings in GCI Liberty, Inc. – Series C GCI Group by 43.9% in the 4th 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 last quarter. S&CO Inc. raised its position in GCI Liberty, Inc. – Series C GCI Group by 196.1% in the first quarter. S&CO Inc. now owns 134,052 shares of the company’s stock valued at $4,988,000 after purchasing an additional 88,777 shares during the period. Walleye Capital LLC acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the first quarter worth $3,022,000. UBS Group AG lifted its stake in GCI Liberty, Inc. – Series C GCI Group by 56.1% during the fourth quarter. UBS Group AG now owns 3,233,608 shares of the company’s stock worth $120,323,000 after purchasing an additional 1,162,370 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in GCI Liberty, Inc. – Series C GCI Group by 428.7% during the first quarter. Renaissance Technologies LLC now owns 245,300 shares of the company’s stock worth $9,128,000 after purchasing an additional 198,900 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GLIBK. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings downgraded GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

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.