GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock Sees Unusually High Call Option Buying

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was the target of some unusual options trading on Thursday. Traders acquired 7,503 call options on the stock. This is an increase of 831% compared to the average daily volume of 806 call options.

Insider Buying and Selling at GCI Liberty, Inc. – Series C GCI Group

In other news, Director John C. Malone bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average cost of $26.00 per share, with a total value of $26,000.00. Following the transaction, the director directly owned 2,559,752 shares in the company, valued at $66,553,552. This trade represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 543,232 shares of company stock valued at $13,582,081.

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

A number of large investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 5.2% in the fourth quarter. Barclays PLC now owns 3,386,430 shares of the company’s stock valued at $126,009,000 after acquiring an additional 168,113 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in GCI Liberty, Inc. – Series C GCI Group by 36.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,504,923 shares of the company’s stock valued at $55,996,000 after purchasing an additional 398,769 shares in the last quarter. Alberta Investment Management Corp lifted its holdings in GCI Liberty, Inc. – Series C GCI Group by 65.8% in the fourth quarter. Alberta Investment Management Corp now owns 1,044,254 shares of the company’s stock valued at $38,857,000 after acquiring an additional 414,254 shares during the period. Ruane Cunniff & Goldfarb L.P. lifted its holdings in GCI Liberty, Inc. – Series C GCI Group by 43.9% in the fourth quarter. Ruane Cunniff & Goldfarb L.P. now owns 539,071 shares of the company’s stock valued at $20,059,000 after acquiring an additional 164,401 shares during the period. Finally, Empyrean Capital Partners LP boosted its position in shares of GCI Liberty, Inc. – Series C GCI Group by 59.2% during the 4th quarter. Empyrean Capital Partners LP now owns 293,218 shares of the company’s stock worth $10,911,000 after purchasing an additional 109,062 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on GLIBK. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings restated a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research report on Tuesday, August 18th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

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

Shares of NASDAQ:GLIBK traded down $0.37 on Thursday, reaching $23.31. The company’s stock had a trading volume of 36,260 shares, compared to its average volume of 555,696. GCI Liberty, Inc. – Series C GCI Group has a 52-week low of $19.30 and a 52-week high of $41.17. The stock has a market capitalization of $835.63 million, a P/E ratio of -2.07 and a beta of -0.89. The stock’s 50-day moving average is $24.89 and its two-hundred day moving average is $26.50. 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 EPS for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 2.58 EPS for the current year.

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

GCI Liberty, Inc was a holding company associated with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered wireless and wireline communications, data connectivity, broadband internet, video services, and voice services to residential, business, government, and wholesale customers.

GCI’s network served communities throughout Alaska, including areas where geographic conditions and limited infrastructure create significant challenges for communications providers.