GCI Liberty Inc (NASDAQ:GLIBA) was the recipient of a significant decline in short interest in the month of November. As of November 29th, there was short interest totalling 6,780,000 shares, a decline of 13.1% from the November 14th total of 7,800,000 shares. Based on an average daily volume of 410,900 shares, the days-to-cover ratio is currently 16.5 days. Approximately 7.0% of the company’s shares are short sold.

In other GCI Liberty news, CEO Gregory B. Maffei sold 31,127 shares of GCI Liberty stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $70.39, for a total value of $2,191,029.53. Following the transaction, the chief executive officer now owns 1,123,462 shares of the company’s stock, valued at $79,080,490.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory B. Maffei sold 16,659 shares of GCI Liberty stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $69.47, for a total transaction of $1,157,300.73. Following the completion of the transaction, the chief executive officer now directly owns 1,123,462 shares in the company, valued at approximately $78,046,905.14. The disclosure for this sale can be found here. 8.78% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Quest Capital Management Inc. ADV acquired a new position in GCI Liberty during the third quarter worth $27,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in GCI Liberty by 27.9% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,060 shares of the company’s stock worth $65,000 after buying an additional 231 shares during the last quarter. SG Americas Securities LLC increased its holdings in GCI Liberty by 10.3% during the third quarter. SG Americas Securities LLC now owns 1,888 shares of the company’s stock worth $117,000 after buying an additional 176 shares during the last quarter. Quantamental Technologies LLC acquired a new position in GCI Liberty during the second quarter worth $213,000. Finally, Comerica Bank acquired a new position in GCI Liberty during the second quarter worth $216,000. Institutional investors and hedge funds own 87.25% of the company’s stock.

GLIBA has been the topic of a number of research reports. Zacks Investment Research raised shares of GCI Liberty from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Tuesday, November 19th. Benchmark initiated coverage on shares of GCI Liberty in a research report on Thursday, August 15th. They issued a “buy” rating and a $70.00 price objective on the stock. Citigroup raised shares of GCI Liberty from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $80.00 in a research report on Tuesday, November 12th. Evercore ISI initiated coverage on shares of GCI Liberty in a research report on Thursday, August 15th. They issued an “outperform” rating and a $70.00 price objective on the stock. Finally, ValuEngine lowered shares of GCI Liberty from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $75.00.

GLIBA traded down $0.24 during trading on Friday, reaching $68.65. 644,528 shares of the stock were exchanged, compared to its average volume of 410,310. The stock has a market cap of $7.19 billion, a P/E ratio of -43.45 and a beta of 1.36. GCI Liberty has a twelve month low of $38.72 and a twelve month high of $74.31. The stock’s 50 day moving average price is $70.50 and its two-hundred day moving average price is $64.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.60 and a current ratio of 0.60.

About GCI Liberty

GCI Liberty, Inc, together with its subsidiaries, provides various communication services in the United States. The company offers data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services.

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