GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone Acquires 68,800 Shares of Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBKGet Free Report) Director John Malone purchased 68,800 shares of the stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $25.22 per share, with a total value of $1,735,136.00. Following the completion of the purchase, the director directly owned 2,492,050 shares of the company’s stock, valued at $62,849,501. The trade was a 2.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

GCI Liberty, Inc. – Series C GCI Group Trading Up 3.1%

Shares of GLIBK traded up $0.78 during trading hours on Wednesday, hitting $25.71. The company had a trading volume of 600,534 shares, compared to its average volume of 618,154. The firm has a market cap of $921.78 million and a P/E ratio of -2.29. The stock’s 50 day moving average price is $22.05 and its 200 day moving average price is $30.24. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.73. GCI Liberty, Inc. – Series C GCI Group has a 52-week low of $19.30 and a 52-week high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBKGet Free Report) last released its earnings results 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%. On average, research analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 2.58 EPS for the current year.

Institutional Trading of GCI Liberty, Inc. – Series C GCI Group

A number of institutional investors have recently modified their holdings of the company. Quarry LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth about $30,000. Fifth Third Bancorp purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the 1st quarter valued at about $38,000. Versant Capital Management Inc raised its position in GCI Liberty, Inc. – Series C GCI Group by 2,965.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,207 shares of the company’s stock valued at $48,000 after purchasing an additional 2,135 shares during the last quarter. Highlander Partners L.P. bought a new position in GCI Liberty, Inc. – Series C GCI Group during the 4th quarter valued at approximately $63,000. Finally, State of Wyoming purchased a new stake in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth approximately $73,000.

Wall Street Analyst Weigh In

GLIBK has been the subject of several recent research reports. Weiss Ratings downgraded GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 21st. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group has an average rating of “Reduce”.

Check Out Our Latest Research Report on GLIBK

About GCI Liberty, Inc. – Series C GCI Group

(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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