Short Interest in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Grows By 45.9%

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 634,700 shares, a growth of 45.9% from the September 15th total of 435,100 shares. Based on an average daily trading volume, of 434,200 shares, the days-to-cover ratio is presently 1.5 days. Currently, 2.7% of the company’s shares are sold short. Currently, 2.7% of the company’s shares are sold short. Based on an average daily trading volume, of 434,200 shares, the days-to-cover ratio is presently 1.5 days.

GCI Liberty, Inc. – Series C GCI Group Trading Up 0.4%

GLIBK stock opened at $36.44 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.42 and a quick ratio of 1.42. GCI Liberty, Inc. – Series C GCI Group has a 12-month low of $29.00 and a 12-month high of $39.14.

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

In related news, Director John C. Malone acquired 8,092 shares of the firm’s stock in a transaction dated Thursday, September 18th. The shares were purchased at an average price of $34.98 per share, for a total transaction of $283,058.16. Following the completion of the acquisition, the director owned 1,216,098 shares in the company, valued at approximately $42,539,108.04. This represents a 0.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 13,352 shares of company stock valued at $467,006 in the last quarter.

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

Several institutional investors and hedge funds have recently bought and sold shares of GLIBK. Western Pacific Wealth Management LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $31,000. Bartlett & CO. Wealth Management LLC purchased a new stake in GCI Liberty, Inc. – Series C GCI Group in the third quarter worth $48,000. KLP Kapitalforvaltning AS bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $180,000. Finally, ARS Investment Partners LLC bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $298,000.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on GCI Liberty, Inc. – Series C GCI Group in a research note on Wednesday, October 8th. They issued a “hold (c+)” rating on the stock. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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

GCI Liberty Inc consists of its wholly owned subsidiary GCI. The company is communications provider, providing data, voice and managed services to consumer and business customers throughout Alaska. GCI Liberty Inc is based in ENGLEWOOD, Colo.