GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director Purchases $1,705,570.14 in Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone bought 66,702 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of $25.57 per share, with a total value of $1,705,570.14. Following the purchase, the director directly owned 2,558,752 shares of the company’s stock, valued at $65,427,288.64. The trade was a 2.68% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

GCI Liberty, Inc. – Series C GCI Group Stock Up 0.0%

Shares of GLIBK opened at $26.70 on Friday. The company has a market capitalization of $957.20 million and a P/E ratio of -2.37. GCI Liberty, Inc. – Series C GCI Group has a one year low of $19.30 and a one year high of $41.17. The business’s 50 day simple moving average is $22.37 and its 200-day simple moving average is $30.05. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on GLIBK shares. Zacks Research lowered GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. 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. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth $30,000. Fifth Third Bancorp bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the first quarter worth $38,000. Corient Private Wealth LLC lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 13.4% during the fourth quarter. Corient Private Wealth LLC now owns 11,767 shares of the company’s stock valued at $438,000 after acquiring an additional 1,391 shares during the period. KBC Group NV boosted its holdings in GCI Liberty, Inc. – Series C GCI Group by 202.2% in the fourth quarter. KBC Group NV now owns 2,245 shares of the company’s stock valued at $84,000 after acquiring an additional 1,502 shares during the last quarter. Finally, Highlander Partners L.P. acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter worth about $63,000.

About GCI Liberty, Inc. – Series C GCI Group

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.