GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock Lifted to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research note on Tuesday, August 18th. Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

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

Shares of GCI Liberty, Inc. – Series C GCI Group stock opened at $20.75 on Friday. GCI Liberty, Inc. – Series C GCI Group has a 1 year low of $19.30 and a 1 year high of $41.17. The firm’s 50-day moving average is $24.49 and its 200 day moving average is $25.80. The stock has a market cap of $743.89 million, a price-to-earnings ratio of -1.84 and a beta of -0.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37.

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 negative net margin of 32.53% and a positive return on equity of 11.56%. Sell-side analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 2.58 EPS for the current fiscal year.

Insider Activity at GCI Liberty, Inc. – Series C GCI Group

In other news, Director John C. Malone acquired 1,000 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average price 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 $66,553,552. The trade was a 0.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 543,232 shares of company stock valued at $13,582,081 over the last three months.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 36.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,504,923 shares of the company’s stock valued at $55,996,000 after purchasing an additional 398,769 shares during the period. Renaissance Technologies LLC increased its position in shares of GCI Liberty, Inc. – Series C GCI Group by 428.7% during the 1st quarter. Renaissance Technologies LLC now owns 245,300 shares of the company’s stock valued at $9,128,000 after purchasing an additional 198,900 shares during the last quarter. Bank of America Corp DE increased its position in shares of GCI Liberty, Inc. – Series C GCI Group by 50.9% during the 1st quarter. Bank of America Corp DE now owns 200,832 shares of the company’s stock valued at $7,473,000 after purchasing an additional 67,739 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 10.8% in the 1st quarter. Gabelli Funds LLC now owns 181,759 shares of the company’s stock worth $6,763,000 after purchasing an additional 17,773 shares during the period. Finally, S&CO Inc. lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 196.1% in the 1st quarter. S&CO Inc. now owns 134,052 shares of the company’s stock worth $4,988,000 after purchasing an additional 88,777 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.