GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Posts Quarterly Earnings Results

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) posted its quarterly earnings results on Wednesday. The company reported ($13.34) earnings per share for the quarter, Zacks reports.

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

Shares of NASDAQ:GLIBK traded down $2.15 during mid-day trading on Wednesday, reaching $35.12. 734,274 shares of the company were exchanged, compared to its average volume of 386,585. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $1.01 billion and a P/E ratio of 37.36. GCI Liberty, Inc. – Series C GCI Group has a 1 year low of $29.00 and a 1 year high of $39.14.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of GCI Liberty, Inc. – Series C GCI Group from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Insider Buying and Selling

In other GCI Liberty, Inc. – Series C GCI Group news, Director John C. Malone purchased 8,092 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was bought at an average price of $34.98 per share, with a total value of $283,058.16. Following the transaction, the director directly owned 1,216,098 shares of the company’s stock, valued at approximately $42,539,108.04. This represents a 0.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 13,352 shares of company stock valued at $467,006.

GCI Liberty, Inc. – Series C GCI Group Company Profile

GCI Liberty Inc consists of its wholly owned subsidiary GCI. The company is communications provider, providing data, voice and managed services to consumer and business customers throughout Alaska. GCI Liberty Inc is based in ENGLEWOOD, Colo.