GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone Buys 406,730 Shares

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone acquired 406,730 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $24.87 per share, for a total transaction of $10,115,375.10. Following the completion of the transaction, the director owned 2,423,250 shares in the company, valued at $60,266,227.50. The trade was a 20.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

NASDAQ GLIBK traded up $0.78 on Wednesday, hitting $25.71. The stock had a trading volume of 600,534 shares, compared to its average volume of 618,154. GCI Liberty, Inc. – Series C GCI Group has a one year low of $19.30 and a one year high of $41.17. 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 stock has a market cap of $921.78 million and a price-to-earnings ratio of -2.29. The company’s 50-day moving average is $22.05 and its two-hundred day moving average is $30.24.

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

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc boosted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 2,965.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,207 shares of the company’s stock worth $48,000 after acquiring an additional 2,135 shares in the last quarter. Bank of America Corp DE raised its position in shares of GCI Liberty, Inc. – Series C GCI Group by 50.9% during the first quarter. Bank of America Corp DE now owns 200,832 shares of the company’s stock worth $7,473,000 after purchasing an additional 67,739 shares during the period. Amundi acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the first quarter worth $2,818,000. California State Teachers Retirement System lifted its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 40.0% during the first quarter. California State Teachers Retirement System now owns 42,820 shares of the company’s stock valued at $1,593,000 after purchasing an additional 12,244 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its position 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 purchasing an additional 44,368 shares during the period.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Weiss Ratings downgraded GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.