John Malone Purchases 66,702 Shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone acquired 66,702 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $25.57 per share, with a total value of $1,705,570.14. Following the completion of the purchase, the director directly owned 2,558,752 shares in the company, valued at $65,427,288.64. This represents a 2.68% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

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

GCI Liberty, Inc. – Series C GCI Group stock opened at $26.69 on Friday. GCI Liberty, Inc. – Series C GCI Group has a one year low of $19.30 and a one year high of $41.17. The business has a fifty day moving average price of $22.27 and a 200-day moving average price of $30.08. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37. The firm has a market capitalization of $956.84 million and a P/E ratio of -2.37.

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 (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%. As a group, equities research analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 2.58 EPS for the current year.

Hedge Funds Weigh In On GCI Liberty, Inc. – Series C GCI Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLIBK. Quarry LP purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $30,000. Fifth Third Bancorp purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the first quarter worth about $38,000. Highlander Partners L.P. bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter worth approximately $63,000. State of Wyoming purchased a new stake in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at approximately $73,000. Finally, US Bancorp DE bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $79,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. 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 research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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.