GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK) Director Buys 68,800 Shares

Key Points

• Director John Malone purchased 68,800 GLIBK shares at an average price of $25.22, investing approximately $1.74 million and increasing his direct ownership by 2.84% to 2.49 million shares.
• GLIBK traded at $25.71, within a 52-week range of $19.30 to $41.17. The company recently reported quarterly EPS of $0.40, missing analysts’ $1.15 consensus estimate by $0.75.
• Analyst sentiment remains cautious: one analyst rates the stock “Hold” and another “Sell,” resulting in a MarketBeat consensus rating of “Reduce.”

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) Director John Malone acquired 68,800 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $25.22 per share, for a total transaction of $1,735,136.00. Following the transaction, the director directly owned 2,492,050 shares of the company's stock, valued at $62,849,501. This represents a 2.84% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

GCI Liberty, Inc. - Series C GCI Group stock traded up $0.78 during midday trading on Wednesday, hitting $25.71. 600,534 shares of the company's stock were exchanged, compared to its average volume of 618,154. GCI Liberty, Inc. - Series C GCI Group has a 52-week low of $19.30 and a 52-week high of $41.17. The stock has a 50-day moving average price of $22.05 and a two-hundred day moving average price of $30.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37. The company has a market cap of $921.78 million and a P/E ratio of -2.29.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates 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%. On average, equities research analysts forecast that GCI Liberty, Inc. - Series C GCI Group will post 2.58 earnings per share for the current year.

Institutional Investors Weigh In On GCI Liberty, Inc. - Series C GCI Group

Large investors have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in GCI Liberty, Inc. - Series C GCI Group in the 3rd quarter worth approximately $30,000. Fifth Third Bancorp purchased a new position in shares of GCI Liberty, Inc. - Series C GCI Group during the first quarter worth approximately $38,000. Highlander Partners L.P. purchased a new position in shares of GCI Liberty, Inc. - Series C GCI Group during the fourth quarter worth approximately $63,000. State of Wyoming bought a new stake in shares of GCI Liberty, Inc. - Series C GCI Group in the 4th quarter worth approximately $73,000. Finally, US Bancorp DE bought a new stake in shares of GCI Liberty, Inc. - Series C GCI Group in the 3rd quarter worth approximately $79,000.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings cut 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. 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, July 13th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce".

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

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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