GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) CEO Acquires $1,367,600.00 in Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBKGet 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:GLIBKGet 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versor Investments LP bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $2,657,000. Barclays PLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $119,947,000. Luxor Capital Group LP purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $10,846,000. Vanguard Group Inc. purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $81,260,000. Finally, S&CO Inc. purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $1,121,000.

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

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK)

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