Key Points
- Director John Malone bought 406,730 GLIBK shares at an average price of $24.87, investing approximately $10.1 million and increasing his direct stake by 20.17% to 2.42 million shares.
- GCI Liberty reported quarterly earnings of $0.40 per share, missing analysts’ $1.15 estimate by $0.75; the company also posted a negative net margin of 32.53%.
- Analyst sentiment remains cautious, with a consensus rating of “Reduce” based on one Hold and one Sell rating, despite Zacks Research upgrading the stock from Strong Sell to Hold.
GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) Director John Malone bought 66,702 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average price of $25.57 per share, with a total value of $1,705,570.14. Following the completion of the acquisition, the director directly owned 2,558,752 shares in the company, valued at $65,427,288.64. This trade represents a 2.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
GCI Liberty, Inc. - Series C GCI Group Stock Up 3.1%
Shares of NASDAQ:GLIBK opened at $25.71 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37. The firm has a market capitalization of $921.70 million and a PE ratio of -2.29. The firm's 50-day moving average is $22.15 and its two-hundred day moving average is $30.15. GCI Liberty, Inc. - Series C GCI Group has a 1 year low of $19.30 and a 1 year high of $41.17.
GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.75). GCI Liberty, Inc. - Series C GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%. Analysts predict that GCI Liberty, Inc. - Series C GCI Group will post 2.58 EPS for the current year.
Institutional Investors Weigh In On GCI Liberty, Inc. - Series C GCI Group
Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of GCI Liberty, Inc. - Series C GCI Group by 6,855,845.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company's stock valued at $84,186,000 after buying an additional 2,262,429 shares during the period. UBS Group AG acquired a new stake in GCI Liberty, Inc. - Series C GCI Group in the third quarter valued at approximately $77,195,000. Vanguard Group Inc. raised its holdings in GCI Liberty, Inc. - Series C GCI Group by 40.2% in the fourth quarter. Vanguard Group Inc. now owns 3,057,197 shares of the company's stock valued at $113,758,000 after acquiring an additional 876,902 shares in the last quarter. BROOKFIELD Corp ON purchased a new position in GCI Liberty, Inc. - Series C GCI Group in the fourth quarter worth approximately $27,029,000. Finally, Kontiki Capital Management HK Ltd. purchased a new position in GCI Liberty, Inc. - Series C GCI Group in the fourth quarter worth approximately $25,979,000.
Analyst Ratings Changes
GLIBK has been the topic of a number of research reports. 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, July 13th. Weiss Ratings downgraded 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. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, GCI Liberty, Inc. - Series C GCI Group presently has an average rating of "Reduce".
View Our Latest Stock Analysis on GCI Liberty, Inc. - Series C GCI Group
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.
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