GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) Director John Malone acquired 1,000 shares of the stock in a transaction on Thursday, August 13th. The shares were acquired at an average price of $26.00 per share, with a total value of $26,000.00. Following the purchase, the director owned 2,559,752 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website.
GCI Liberty, Inc. - Series C GCI Group Stock Performance
Shares of GLIBK opened at $25.57 on Tuesday. The business's 50 day moving average is $22.47 and its two-hundred day moving average is $29.93. GCI Liberty, Inc. - Series C GCI Group has a 52-week low of $19.30 and a 52-week high of $41.17. The firm has a market cap of $916.68 million and a price-to-earnings ratio of -2.27. 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 (NASDAQ:GLIBK - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.40 EPS 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%. Analysts forecast that GCI Liberty, Inc. - Series C GCI Group will post 2.58 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Quarry LP acquired a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the 3rd quarter worth approximately $30,000. Fifth Third Bancorp bought a new stake in shares of GCI Liberty, Inc. - Series C GCI Group in the 1st quarter valued at approximately $38,000. Versant Capital Management Inc raised its position in shares of 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 acquiring an additional 2,135 shares in the last quarter. Highlander Partners L.P. acquired a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the 4th quarter valued at approximately $63,000. Finally, State of Wyoming bought a new position in GCI Liberty, Inc. - Series C GCI Group during the fourth quarter worth $73,000.
Analysts Set New Price Targets
A number of research firms have commented on GLIBK. Zacks Research downgraded shares of GCI Liberty, Inc. - Series C GCI Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 11th. 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 report on Thursday, May 21st. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".
Read Our Latest Report on GCI Liberty, Inc. - Series C GCI Group
GCI Liberty, Inc. - Series C GCI Group Company Profile
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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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