GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone Buys 1,000 Shares

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone purchased 1,000 shares of the company’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $26.00 per share, with a total value of $26,000.00. Following the completion of the purchase, the director directly owned 2,559,752 shares of the company’s stock, valued at $66,553,552. The trade was a 0.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

GCI Liberty, Inc. – Series C GCI Group stock opened at $25.57 on Tuesday. The company has a market cap of $916.68 million and a price-to-earnings ratio of -2.27. GCI Liberty, Inc. – Series C GCI Group has a 12 month low of $19.30 and a 12 month high of $41.17. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37. The stock’s 50-day moving average is $22.47 and its 200-day moving average is $29.93.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Equities analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

GLIBK has been the subject of several recent research reports. Zacks Research lowered shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. 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. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its position in shares of GCI Liberty, Inc. – Series C GCI Group by 2,965.3% during the second quarter. Versant Capital Management Inc now owns 2,207 shares of the company’s stock worth $48,000 after purchasing an additional 2,135 shares in the last quarter. Bank of America Corp DE lifted its holdings in GCI Liberty, Inc. – Series C GCI Group by 50.9% in the 1st quarter. Bank of America Corp DE now owns 200,832 shares of the company’s stock worth $7,473,000 after buying an additional 67,739 shares in the last quarter. Amundi acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the 1st quarter worth $2,818,000. California State Teachers Retirement System boosted its position in GCI Liberty, Inc. – Series C GCI Group by 40.0% in the 1st 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 last quarter. Finally, Quantinno Capital Management LP boosted its position in GCI Liberty, Inc. – Series C GCI Group by 64.3% in the 1st 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 last quarter.

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.