GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK) Director John Malone Acquires 1,000 Shares of Stock

Key Points

• Director John Malone purchased 1,000 GLIBK shares at $26 each, investing $26,000 and increasing his holdings to 2,559,752 shares valued at approximately $66.6 million.
• GLIBK shares recently traded at $25.57, while the company’s latest quarterly EPS of $0.40 fell well short of the $1.15 analyst consensus estimate.
• Analyst sentiment remains negative: Zacks Research downgraded the stock to “strong sell,” and the consensus rating is “Sell.”

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) Director John Malone acquired 1,000 shares of GCI Liberty, Inc. - Series C GCI Group stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of $26.00 per share, with a total value of $26,000.00. Following the completion of the acquisition, the director 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 filing with the SEC, which is accessible through the SEC website.

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

Shares of GCI Liberty, Inc. - Series C GCI Group stock traded down $1.13 during trading hours on Monday, reaching $25.57. The company had a trading volume of 288,631 shares, compared to its average volume of 614,384. GCI Liberty, Inc. - Series C GCI Group has a one year low of $19.30 and a one year high of $41.17. The business has a fifty day simple moving average of $22.37 and a 200 day simple moving average of $30.01. 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 cap of $916.68 million and a PE ratio of -2.27.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) last posted 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 positive return on equity of 11.56% and a negative net margin of 32.53%. On average, analysts anticipate that GCI Liberty, Inc. - Series C GCI Group will post 2.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc grew 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 during the period. Bank of America Corp DE raised its holdings 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 worth $7,473,000 after purchasing an additional 67,739 shares during the period. Amundi bought a new position in GCI Liberty, Inc. - Series C GCI Group in the 1st quarter worth $2,818,000. California State Teachers Retirement System lifted its position in GCI Liberty, Inc. - Series C GCI Group by 40.0% during the first quarter. California State Teachers Retirement System now owns 42,820 shares of the company's stock valued at $1,593,000 after purchasing an additional 12,244 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in GCI Liberty, Inc. - Series C GCI Group by 64.3% during the first quarter. Quantinno Capital Management LP now owns 113,411 shares of the company's stock valued at $4,220,000 after purchasing an additional 44,368 shares in the last quarter.

Analyst Ratings Changes

GLIBK has been the topic of a number of recent research reports. Zacks Research downgraded shares of GCI Liberty, Inc. - Series C GCI Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. 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. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, GCI Liberty, Inc. - Series C GCI Group has an average rating of "Sell".

About GCI Liberty, Inc. - Series C GCI Group

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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