GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock Rating Upgraded by Zacks Research

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

GCI Liberty, Inc. – Series C GCI Group Stock Down 2.1%

GLIBK stock opened at $21.54 on Monday. 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 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The company has a market cap of $772.21 million and a price-to-earnings ratio of -2.01. The company has a fifty day moving average price of $22.98 and a 200 day moving average price of $32.26.

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

Insider Activity

In related news, CEO Ronald A. Duncan acquired 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased 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 owned 42,516 shares in the company, valued at approximately $894,536.64. This represents a -289.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

Several large investors have recently modified their holdings of the business. Versant Capital Management Inc raised its position in shares of GCI Liberty, Inc. – Series C GCI Group by 2,965.3% during the 2nd 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 during the last quarter. Bank of America Corp DE boosted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 50.9% during the 1st quarter. Bank of America Corp DE now owns 200,832 shares of the company’s stock worth $7,473,000 after purchasing an additional 67,739 shares during the last quarter. Amundi purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the first quarter worth about $2,818,000. California State Teachers Retirement System lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 40.0% during the first 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 period. Finally, Quantinno Capital Management LP boosted its position in GCI Liberty, Inc. – Series C GCI Group by 64.3% during the first quarter. Quantinno Capital Management LP now owns 113,411 shares of the company’s stock worth $4,220,000 after acquiring an additional 44,368 shares during 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.