GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK) Upgraded to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded GLIBK from “strong sell” to “hold,” though Weiss Ratings maintained a “sell” rating; analysts’ average rating remains “Reduce.”
• GLIBK opened at $23.73, well below its 12-month high of $41.17, and recently reported quarterly EPS of $0.40, missing the $1.15 consensus estimate.
• Insider and institutional activity has been positive: insiders bought 543,232 shares worth about $13.6 million over the past three months, while several institutional investors increased or initiated positions.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday, Zacks reports.

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of GCI Liberty, Inc. - Series C GCI Group in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Reduce".

GCI Liberty, Inc. - Series C GCI Group Stock Performance

GLIBK stock opened at $23.73 on Monday. The business's fifty day moving average is $24.89 and its 200-day moving average is $26.59. The company has a market cap of $850.72 million, a P/E ratio of -2.11 and a beta of -0.89. 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 twelve month low of $19.30 and a twelve month high of $41.17.

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 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 EPS for the current year.

Insider Transactions at GCI Liberty, Inc. - Series C GCI Group

In other GCI Liberty, Inc. - Series C GCI Group news, Director John C. Malone purchased 1,000 shares of GCI Liberty, Inc. - Series C GCI Group stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the director owned 2,559,752 shares of the company's stock, valued at approximately $66,553,552. This trade represents a 0.04% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have bought 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 added to or reduced their stakes in the business. Wedmont Private Capital bought a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the 2nd quarter worth about $387,000. AXQ Capital LP grew its position in shares of GCI Liberty, Inc. - Series C GCI Group by 217.5% in the second quarter. AXQ Capital LP now owns 83,962 shares of the company's stock valued at $1,810,000 after purchasing an additional 57,515 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of GCI Liberty, Inc. - Series C GCI Group by 2,965.3% during the second quarter. Versant Capital Management Inc now owns 2,207 shares of the company's stock worth $48,000 after purchasing an additional 2,135 shares during the period. Bank of America Corp DE boosted its stake in GCI Liberty, Inc. - Series C GCI Group by 50.9% in the 1st quarter. Bank of America Corp DE now owns 200,832 shares of the company's stock valued at $7,473,000 after purchasing an additional 67,739 shares during the period. Finally, Amundi acquired a new position in GCI Liberty, Inc. - Series C GCI Group in the 1st quarter valued at $2,818,000.

GCI Liberty, Inc. - Series C GCI Group Company Profile

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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