GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Raised to Hold at Zacks Research

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors 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 report on Thursday, May 21st. One research 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 company currently has a consensus rating of “Reduce”.

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

Shares of NASDAQ:GLIBK opened at $21.54 on Monday. 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 market capitalization of $772.21 million and a P/E ratio of -2.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. GCI Liberty, Inc. – Series C GCI Group has a 1 year low of $19.30 and a 1 year high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. On average, research analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

Insider Activity at GCI Liberty, Inc. – Series C GCI Group

In other news, CEO Ronald A. Duncan purchased 65,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of $21.04 per share, for a total transaction of $1,367,600.00. Following 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc raised its position in GCI Liberty, Inc. – Series C GCI Group by 2,965.3% in the second quarter. Versant Capital Management Inc now owns 2,207 shares of the company’s stock valued at $48,000 after purchasing an additional 2,135 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 50.9% during the first quarter. Bank of America Corp DE now owns 200,832 shares of the company’s stock worth $7,473,000 after purchasing an additional 67,739 shares during the last quarter. Amundi bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the first quarter worth about $2,818,000. California State Teachers Retirement System increased its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 40.0% in the first quarter. California State Teachers Retirement System now owns 42,820 shares of the company’s stock valued at $1,593,000 after buying an additional 12,244 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 64.3% in the first quarter. Quantinno Capital Management LP now owns 113,411 shares of the company’s stock valued at $4,220,000 after buying an additional 44,368 shares during the period.

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.