GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK) Stock Rating Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded GLIBK to “hold,” while other analysts remain cautious; the stock has an average MarketBeat rating of “Reduce,” including one hold and one sell rating.
• The shares opened at $20.75, near their one-year low of $19.30 and well below the one-year high of $41.17. The company recently reported quarterly EPS of $0.40, missing the $1.15 consensus estimate.
• Insiders and institutional investors have been buying shares, including director John C. Malone’s purchase of 1,000 shares and broader insider purchases totaling 543,232 shares over the past 90 days.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) was upgraded by investment analysts at Wall Street Zen to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

A number of other analysts have also commented on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of GCI Liberty, Inc. - Series C GCI Group in a research note on Tuesday, August 18th. 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, October 5th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Reduce".

GCI Liberty, Inc. - Series C GCI Group Trading Up 0.7%

NASDAQ GLIBK opened at $20.75 on Friday. GCI Liberty, Inc. - Series C GCI Group has a 1-year low of $19.30 and a 1-year high of $41.17. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $24.49 and a 200-day moving average of $25.80. The firm has a market cap of $743.89 million, a PE ratio of 3.01 and a beta of -0.89.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) last issued its 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%. As a group, sell-side analysts forecast that GCI Liberty, Inc. - Series C GCI Group will post 2.58 EPS for the current year.

Insider Buying and Selling at GCI Liberty, Inc. - Series C GCI Group

In other news, Director John C. Malone purchased 1,000 shares of the company's stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the transaction, the director directly owned 2,559,752 shares of the company's stock, valued at $66,553,552. This trade represents a 0.04% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders purchased 543,232 shares of company stock worth $13,582,081 in the last 90 days.

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

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in GCI Liberty, Inc. - Series C GCI Group by 36.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,504,923 shares of the company's stock valued at $55,996,000 after acquiring an additional 398,769 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of GCI Liberty, Inc. - Series C GCI Group by 428.7% during the first quarter. Renaissance Technologies LLC now owns 245,300 shares of the company's stock valued at $9,128,000 after buying an additional 198,900 shares during the last quarter. S&CO Inc. increased its holdings in GCI Liberty, Inc. - Series C GCI Group by 196.1% in the 1st quarter. S&CO Inc. now owns 134,052 shares of the company's stock worth $4,988,000 after buying an additional 88,777 shares in the last quarter. Walleye Capital LLC bought a new stake in GCI Liberty, Inc. - Series C GCI Group in the 1st quarter worth about $3,022,000. Finally, Amundi purchased a new position in GCI Liberty, Inc. - Series C GCI Group in the 1st quarter worth about $2,818,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.