GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) CEO Ronald Duncan Purchases 65,000 Shares

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) CEO Ronald Duncan bought 65,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the acquisition, the chief executive officer directly owned 42,516 shares in the company, valued at $894,536.64. The trade was a -289.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

NASDAQ:GLIBK opened at $20.71 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The firm has a market capitalization of $742.45 million and a price-to-earnings ratio of -1.93. The company’s 50-day moving average is $31.28 and its two-hundred day moving average is $34.71. GCI Liberty, Inc. – Series C GCI Group has a 1-year low of $20.33 and a 1-year high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. Analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current year.

Wall Street Analysts Forecast Growth

GLIBK has been the topic of several recent analyst reports. Zacks Research lowered shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Weiss Ratings lowered shares of 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 investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group presently has an average rating of “Sell”.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 50.9% in the 1st quarter. Bank of America Corp DE now owns 200,832 shares of the company’s stock valued at $7,473,000 after acquiring an additional 67,739 shares during the period. Amundi purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 1st quarter valued at approximately $2,818,000. California State Teachers Retirement System raised its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 40.0% in the 1st quarter. California State Teachers Retirement System now owns 42,820 shares of the company’s stock valued at $1,593,000 after acquiring an additional 12,244 shares during the period. Quantinno Capital Management LP raised its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 64.3% in the 1st quarter. Quantinno Capital Management LP now owns 113,411 shares of the company’s stock valued at $4,220,000 after acquiring an additional 44,368 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 1st quarter valued at approximately $2,198,000.

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

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.