GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) CEO Ronald Duncan Acquires 65,000 Shares

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) CEO Ronald Duncan acquired 65,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was bought at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the acquisition, the chief executive officer directly owned 42,516 shares in the company, valued at approximately $894,536.64. This represents a -289.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

GCI Liberty, Inc. – Series C GCI Group Trading Up 0.8%

NASDAQ GLIBK traded up $0.16 during trading on Thursday, hitting $20.71. The company had a trading volume of 1,067,048 shares, compared to its average volume of 554,681. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. GCI Liberty, Inc. – Series C GCI Group has a one year low of $20.33 and a one year high of $41.17. The company has a market cap of $742.45 million and a price-to-earnings ratio of -1.93. The company’s fifty day moving average is $31.60 and its 200-day moving average is $34.80.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. On average, sell-side analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current year.

Institutional Trading of GCI Liberty, Inc. – Series C GCI Group

Institutional investors have recently bought and sold shares of the company. Versor Investments LP purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $2,657,000. Barclays PLC purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $119,947,000. Luxor Capital Group LP purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $10,846,000. Vanguard Group Inc. purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $81,260,000. Finally, S&CO Inc. purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $1,121,000.

Analyst Upgrades and Downgrades

GLIBK has been the topic of a number of recent research reports. Weiss Ratings downgraded 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. Zacks Research downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.