GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director Buys $1,735,136.00 in Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone acquired 68,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $25.22 per share, with a total value of $1,735,136.00. Following the completion of the transaction, the director directly owned 2,492,050 shares in the company, valued at $62,849,501. The trade was a 2.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

Shares of NASDAQ GLIBK opened at $26.70 on Friday. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $19.30 and a 52 week high of $41.17. The business’s 50 day moving average price is $22.37 and its 200 day moving average price is $30.05. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.73. The firm has a market cap of $957.20 million and a P/E ratio of -2.37.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) 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%. On average, sell-side analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GLIBK shares. Weiss Ratings cut 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. Zacks Research cut shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in GCI Liberty, Inc. – Series C GCI Group by 5.2% during the fourth quarter. Barclays PLC now owns 3,386,430 shares of the company’s stock worth $126,009,000 after buying an additional 168,113 shares during the period. UBS Group AG raised its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 56.1% in the 4th quarter. UBS Group AG now owns 3,233,608 shares of the company’s stock valued at $120,323,000 after acquiring an additional 1,162,370 shares during the period. Vanguard Group Inc. raised its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 40.2% in the 4th quarter. Vanguard Group Inc. now owns 3,057,197 shares of the company’s stock valued at $113,758,000 after acquiring an additional 876,902 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock worth $84,186,000 after acquiring an additional 2,262,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 36.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,504,923 shares of the company’s stock worth $55,996,000 after acquiring an additional 398,769 shares during the last quarter.

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.