GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director Purchases $10,115,375.10 in Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone purchased 406,730 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was bought at an average price of $24.87 per share, for a total transaction of $10,115,375.10. Following the acquisition, the director owned 2,423,250 shares in the company, valued at $60,266,227.50. The trade was a 20.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

GCI Liberty, Inc. – Series C GCI Group Trading Up 0.0%

GLIBK stock opened at $26.70 on Friday. The company has a market cap of $957.20 million and a price-to-earnings ratio of -2.37. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $22.37 and a 200-day simple moving average of $30.05. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $19.30 and a 52 week high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its earnings results 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%. On average, equities research analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GLIBK. Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Zacks Research lowered shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GLIBK. Barclays PLC lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 5.2% during the fourth quarter. Barclays PLC now owns 3,386,430 shares of the company’s stock worth $126,009,000 after purchasing an additional 168,113 shares in the last quarter. UBS Group AG raised its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 56.1% during the 4th quarter. UBS Group AG now owns 3,233,608 shares of the company’s stock valued at $120,323,000 after buying an additional 1,162,370 shares during the period. Vanguard Group Inc. raised its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 40.2% during the 4th quarter. Vanguard Group Inc. now owns 3,057,197 shares of the company’s stock valued at $113,758,000 after buying an additional 876,902 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock worth $84,186,000 after acquiring an additional 2,262,429 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in GCI Liberty, Inc. – Series C GCI Group by 36.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,504,923 shares of the company’s stock worth $55,996,000 after acquiring an additional 398,769 shares in the last quarter.

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.