Insider Buying: GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director Acquires 1,000 Shares

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone acquired 1,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were bought at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the transaction, the director owned 2,559,752 shares in the company, valued at approximately $66,553,552. This represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

GCI Liberty, Inc. – Series C GCI Group stock traded down $1.13 during midday trading on Monday, hitting $25.57. The stock had a trading volume of 288,631 shares, compared to its average volume of 614,384. The company has a market capitalization of $916.68 million and a PE ratio of -2.27. 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’s fifty day moving average is $22.37 and its two-hundred day moving average is $30.01. The company has a current ratio of 3.37, a quick 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 earnings per share for the quarter, missing the consensus estimate 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%. On average, research analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 2.58 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $30,000. Fifth Third Bancorp purchased a new stake in GCI Liberty, Inc. – Series C GCI Group in the 1st quarter worth about $38,000. Highlander Partners L.P. bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter worth about $63,000. State of Wyoming bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter worth about $73,000. Finally, US Bancorp DE purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $79,000.

Wall Street Analyst Weigh In

GLIBK has been the subject of several research analyst reports. 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. Weiss Ratings cut GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. Two 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”.

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.