GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings lowered 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. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, GCI Liberty, Inc. – Series C GCI Group has an average rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group Stock Up 3.1%

NASDAQ GLIBK opened at $25.71 on Tuesday. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $19.30 and a 52 week high of $41.17. The firm has a market cap of $921.70 million and a PE ratio of -2.29. The business’s fifty day simple moving average is $22.15 and its 200-day simple moving average is $30.15. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.73.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its earnings results on Thursday, August 6th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.75). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%. As a group, equities analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 2.58 earnings per share for the current year.

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

In other GCI Liberty, Inc. – Series C GCI Group news, CEO Ronald A. Duncan acquired 65,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average cost of $21.04 per share, with a total value of $1,367,600.00. Following the transaction, the chief executive officer owned 42,516 shares of the company’s stock, valued at $894,536.64. This trade represents a -289.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John C. Malone acquired 66,702 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of $25.57 per share, for a total transaction of $1,705,570.14. Following the completion of the acquisition, the director owned 2,558,752 shares in the company, valued at $65,427,288.64. This trade represents a 2.68% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 609,732 shares of company stock valued at $14,976,306 over the last three months.

Institutional Investors Weigh In On GCI Liberty, Inc. – Series C GCI Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $1,886,000. US Bancorp DE purchased a new stake in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at approximately $79,000. Dimensional Fund Advisors LP purchased a new stake in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at approximately $20,108,000. Korea Investment CORP acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $343,000. Finally, Russell Investments Group Ltd. acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $7,437,000.

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.