GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Short Interest Update

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 634,700 shares, a growth of 45.9% from the September 15th total of 435,100 shares. Based on an average daily volume of 434,200 shares, the days-to-cover ratio is presently 1.5 days. Currently, 2.7% of the shares of the stock are sold short. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 434,200 shares, the days-to-cover ratio is presently 1.5 days.

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

In other news, Director John C. Malone purchased 763 shares of the business’s stock in a transaction on Friday, September 26th. The stock was purchased at an average cost of $35.00 per share, with a total value of $26,705.00. Following the acquisition, the director directly owned 1,221,358 shares in the company, valued at approximately $42,747,530. This trade represents a 0.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have purchased 13,352 shares of company stock valued at $467,006.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLIBK. Western Pacific Wealth Management LP bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $31,000. Bartlett & CO. Wealth Management LLC bought a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $48,000. KLP Kapitalforvaltning AS purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth approximately $180,000. Finally, ARS Investment Partners LLC purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth approximately $298,000.

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

GLIBK stock opened at $36.44 on Thursday. GCI Liberty, Inc. – Series C GCI Group has a one year low of $29.00 and a one year high of $39.14. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on GCI Liberty, Inc. – Series C GCI Group in a research note on Wednesday, October 8th. They set a “hold (c+)” rating for the company. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

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

GCI Liberty Inc consists of its wholly owned subsidiary GCI. The company is communications provider, providing data, voice and managed services to consumer and business customers throughout Alaska. GCI Liberty Inc is based in ENGLEWOOD, Colo.