Zacks Research Downgrades GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) to Strong Sell

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Separately, Weiss Ratings lowered 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. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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

GCI Liberty, Inc. – Series C GCI Group stock opened at $25.71 on Tuesday. GCI Liberty, Inc. – Series C GCI Group has a 12-month low of $19.30 and a 12-month high of $41.17. The stock has a market capitalization of $921.70 million and a P/E ratio of -2.29. The firm’s 50-day moving average is $22.15 and its two-hundred day moving average is $30.15. 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 (NASDAQ:GLIBK) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 2.58 earnings per share for the current year.

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

In related news, CEO Ronald A. Duncan bought 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were acquired at an average cost of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John C. Malone bought 406,730 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $24.87 per share, with a total value of $10,115,375.10. Following the completion of the acquisition, the director owned 2,423,250 shares of the company’s stock, valued at $60,266,227.50. This trade represents a 20.17% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 609,732 shares of company stock valued at $14,976,306.

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

Large investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at $30,000. Fifth Third Bancorp acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 1st quarter worth $38,000. Versant Capital Management Inc raised its position in shares of GCI Liberty, Inc. – Series C GCI Group by 2,965.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,207 shares of the company’s stock worth $48,000 after buying an additional 2,135 shares during the period. Highlander Partners L.P. purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth $63,000. Finally, State of Wyoming purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth $73,000.

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.