GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) from a strong sell rating to a hold rating in a report published on Monday,Zacks reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research report on Tuesday, August 18th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

GCI Liberty, Inc. – Series C GCI Group Stock Up 0.8%

GLIBK stock opened at $23.73 on Monday. GCI Liberty, Inc. – Series C GCI Group has a 12 month low of $19.30 and a 12 month high of $41.17. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73. The company has a market cap of $850.72 million, a price-to-earnings ratio of -2.11 and a beta of -0.89. The firm has a 50-day moving average of $24.89 and a two-hundred day moving average of $26.59.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its quarterly earnings data 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 positive return on equity of 11.56% and a negative net margin of 32.53%. As a group, analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at GCI Liberty, Inc. – Series C GCI Group

In other GCI Liberty, Inc. – Series C GCI Group news, Director John C. 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 cost of $24.87 per share, with a total value of $10,115,375.10. Following the transaction, the director owned 2,423,250 shares of the company’s stock, valued at $60,266,227.50. This trade represents a 20.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders acquired 543,232 shares of company stock worth $13,582,081.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the 1st quarter worth about $38,000. Corient Private Wealth LLC boosted its holdings in GCI Liberty, Inc. – Series C GCI Group by 13.4% during the 4th quarter. Corient Private Wealth LLC now owns 11,767 shares of the company’s stock valued at $438,000 after acquiring an additional 1,391 shares during the period. Lionstone Capital Management LLC grew its position in GCI Liberty, Inc. – Series C GCI Group by 38.4% in the 4th quarter. Lionstone Capital Management LLC now owns 6,810 shares of the company’s stock valued at $253,000 after acquiring an additional 1,889 shares in the last quarter. Versant Capital Management Inc grew its position in GCI Liberty, Inc. – Series C GCI Group by 2,965.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,207 shares of the company’s stock valued at $48,000 after acquiring an additional 2,135 shares in the last quarter. Finally, Swiss National Bank increased its stake in GCI Liberty, Inc. – Series C GCI Group by 4.8% during the first quarter. Swiss National Bank now owns 67,079 shares of the company’s stock worth $2,496,000 after purchasing an additional 3,100 shares during the period.

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

GCI Liberty, Inc was a holding company associated with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered wireless and wireline communications, data connectivity, broadband internet, video services, and voice services to residential, business, government, and wholesale customers.

GCI’s network served communities throughout Alaska, including areas where geographic conditions and limited infrastructure create significant challenges for communications providers.