GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK – Get Free Report) CEO Ronald Duncan acquired 65,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average cost of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the transaction, the chief executive officer directly owned 42,516 shares in the company, valued at $894,536.64. The trade was a -289.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
GCI Liberty, Inc. – Series C GCI Group Stock Up 0.8%
GLIBK stock traded up $0.16 during trading on Thursday, hitting $20.71. 1,067,048 shares of the stock traded hands, compared to its average volume of 554,681. GCI Liberty, Inc. – Series C GCI Group has a 1 year low of $20.33 and a 1 year high of $41.17. The firm’s 50 day moving average is $31.60 and its two-hundred day moving average is $34.80. The stock has a market cap of $742.45 million and a price-to-earnings ratio of -1.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31.
GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. On average, sell-side analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current year.
Hedge Funds Weigh In On GCI Liberty, Inc. – Series C GCI Group
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on GLIBK shares. Zacks Research cut shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Weiss Ratings cut shares of 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. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group has a consensus rating of “Sell”.
Check Out Our Latest Research Report on GLIBK
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.
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