GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Trading 5.8% Higher – Time to Buy?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) shares rose 5.8% during mid-day trading on Tuesday . The stock traded as high as $35.11 and last traded at $34.90. Approximately 129,732 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 458,438 shares. The stock had previously closed at $32.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

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

The firm has a market capitalization of $1.04 billion and a P/E ratio of 6.38. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50 day simple moving average of $34.54.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($13.34) earnings per share (EPS) for the quarter.

Insider Activity

In other GCI Liberty, Inc. – Series C GCI Group news, Director John C. Malone purchased 763 shares of the stock in a transaction on Friday, September 26th. The stock was acquired at an average price of $35.00 per share, with a total value of $26,705.00. Following the transaction, the director directly owned 1,221,358 shares of the company’s stock, valued at approximately $42,747,530. This trade represents a 0.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jedd Gould acquired 15,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was acquired at an average price of $34.11 per share, for a total transaction of $511,650.00. Following the acquisition, the director owned 15,051 shares of the company’s stock, valued at approximately $513,389.61. This trade represents a 29,411.76% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 20,260 shares of company stock valued at $695,598.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP bought a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter worth about $30,000. Western Pacific Wealth Management LP purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at approximately $31,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at approximately $48,000. JTC Employer Solutions Trustee Ltd purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $49,000. Finally, Amalgamated Bank acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $50,000.

GCI Liberty, Inc. – Series C GCI Group Company Profile

GCI Liberty Inc consists of its wholly owned subsidiary GCI. The company is communications provider, providing data, voice and managed services to consumer and business customers throughout Alaska. GCI Liberty Inc is based in ENGLEWOOD, Colo.