GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock Falls 0.9% – Time to Sell?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK)’s share price fell 0.9% during trading on Monday. The stock traded as low as $23.05 and last traded at $23.34. 302,677 shares were traded during mid-day trading, a decline of 3% from the average session volume of 313,346 shares. The stock had previously closed at $23.55.

Analyst Upgrades and Downgrades

GLIBK has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research report on Tuesday, August 18th. Zacks Research cut GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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

The business’s fifty day simple moving average is $24.80 and its 200-day simple moving average is $27.05. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73. The firm has a market cap of $835.55 million, a P/E ratio of -2.07 and a beta of -1.02.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly 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, analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 2.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John C. Malone bought 406,730 shares of the business’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $24.87 per share, for a total transaction of $10,115,375.10. Following the purchase, the director directly owned 2,423,250 shares in the company, valued at $60,266,227.50. This trade represents a 20.17% 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 ninety days, insiders bought 543,232 shares of company stock valued at $13,582,081.

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

Several hedge funds and other institutional investors have recently modified their holdings of GLIBK. Kontiki Capital Management HK Ltd. bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at approximately $25,979,000. Alberta Investment Management Corp lifted its stake in GCI Liberty, Inc. – Series C GCI Group by 65.8% in the 4th quarter. Alberta Investment Management Corp now owns 1,044,254 shares of the company’s stock worth $38,857,000 after purchasing an additional 414,254 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 worth $55,996,000 after purchasing an additional 398,769 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in GCI Liberty, Inc. – Series C GCI Group by 428.7% in the 1st quarter. Renaissance Technologies LLC now owns 245,300 shares of the company’s stock valued at $9,128,000 after purchasing an additional 198,900 shares during the period. Finally, Barclays PLC boosted its holdings in GCI Liberty, Inc. – Series C GCI Group by 5.2% in the 4th quarter. Barclays PLC now owns 3,386,430 shares of the company’s stock valued at $126,009,000 after purchasing an additional 168,113 shares during the period.

About GCI Liberty, Inc. – Series C GCI Group

GCI Liberty, Inc was a holding company whose principal operating business was GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI, the company offered broadband internet, wireless communications, video and voice services, data networking, and related communications solutions to residential, business, government and carrier customers.

GCI served communities throughout Alaska, including remote and rural areas where communications infrastructure can be challenging to develop.