GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK – Get Free Report)’s stock price fell 4.7% during trading on Friday. The company traded as low as $22.66 and last traded at $22.48. Approximately 23,677 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 554,715 shares. The stock had previously closed at $23.59.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the stock. Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday. Weiss Ratings reissued a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a report on Tuesday, August 18th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group currently has an average rating of “Reduce”.
Check Out Our Latest Analysis on GCI Liberty, Inc. – Series C GCI Group
GCI Liberty, Inc. – Series C GCI Group Trading Down 9.4%
GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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%. Equities research analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 2.58 earnings per share for the current year.
Insider Buying and Selling
In related news, Director John C. Malone acquired 1,000 shares of the stock in a transaction dated Thursday, August 13th. The shares were purchased at an average cost of $26.00 per share, with a total value of $26,000.00. Following the transaction, the director directly owned 2,559,752 shares in the company, valued at approximately $66,553,552. This represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have purchased 543,232 shares of company stock valued at $13,582,081.
Institutional Investors Weigh In On GCI Liberty, Inc. – Series C GCI Group
Large investors have recently modified their holdings of the business. Fifth Third Bancorp acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the first quarter worth about $38,000. Corient Private Wealth LLC boosted its stake in GCI Liberty, Inc. – Series C GCI Group by 13.4% during the 4th quarter. Corient Private Wealth LLC now owns 11,767 shares of the company’s stock worth $438,000 after purchasing an additional 1,391 shares during the last quarter. Lionstone Capital Management LLC increased its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 38.4% in the 4th quarter. Lionstone Capital Management LLC now owns 6,810 shares of the company’s stock worth $253,000 after acquiring an additional 1,889 shares during the last quarter. Versant Capital Management Inc lifted its holdings in GCI Liberty, Inc. – Series C GCI Group by 2,965.3% in the second quarter. Versant Capital Management Inc now owns 2,207 shares of the company’s stock valued at $48,000 after acquiring an additional 2,135 shares during the last quarter. Finally, Swiss National Bank lifted its position in GCI Liberty, Inc. – Series C GCI Group by 4.8% in the first quarter. Swiss National Bank now owns 67,079 shares of the company’s stock valued at $2,496,000 after buying an additional 3,100 shares during the last quarter.
About GCI Liberty, Inc. – Series C GCI Group
GCI Liberty, Inc was a holding company associated with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered wireless and wireline communications, data connectivity, broadband internet, video services, and voice services to residential, business, government, and wholesale customers.
GCI’s network served communities throughout Alaska, including areas where geographic conditions and limited infrastructure create significant challenges for communications providers.
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