John Malone Acquires 66,702 Shares of GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK) Stock

Key Points

• Director John Malone bought 66,702 GLIBK shares at an average price of $25.57, investing approximately $1.71 million and increasing his stake by 2.68% to 2.56 million shares.
• GLIBK shares traded at $25.71, up $0.78, with a market capitalization of about $921.8 million. The stock remains below its 200-day moving average of $30.24 and has traded between $19.30 and $41.17 over the past year.
• The company reported quarterly EPS of $0.40, missing the $1.15 analyst consensus estimate. Analysts maintain a cautious outlook, with a consensus rating of “Reduce”, while institutional investors made several recent adjustments to their holdings.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) Director John Malone acquired 66,702 shares of GCI Liberty, Inc. - Series C GCI Group stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of $25.57 per share, with a total value of $1,705,570.14. Following the completion of the purchase, the director owned 2,558,752 shares in the company, valued at $65,427,288.64. The trade was a 2.68% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

GLIBK stock traded up $0.78 during midday trading on Wednesday, reaching $25.71. The stock had a trading volume of 600,534 shares, 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 company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73. The company's fifty day simple moving average is $22.05 and its 200 day simple moving average is $30.24. The company has a market cap of $921.78 million and a price-to-earnings ratio of -2.29.

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 (EPS) 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%. As a group, sell-side analysts predict that GCI Liberty, Inc. - Series C GCI Group will post 2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on GLIBK. Weiss Ratings downgraded shares of GCI Liberty, Inc. - Series C GCI Group from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, May 21st. Zacks Research upgraded GCI Liberty, Inc. - Series C GCI Group from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Reduce".

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new position in GCI Liberty, Inc. - Series C GCI Group during the third quarter worth about $30,000. Fifth Third Bancorp purchased a new stake in shares of GCI Liberty, Inc. - Series C GCI Group in the 1st quarter valued at approximately $38,000. Corient Private Wealth LLC increased its holdings in shares of GCI Liberty, Inc. - Series C GCI Group by 13.4% during the 4th quarter. Corient Private Wealth LLC now owns 11,767 shares of the company's stock worth $438,000 after buying an additional 1,391 shares during the last quarter. KBC Group NV increased its holdings in shares of GCI Liberty, Inc. - Series C GCI Group by 202.2% during the 4th quarter. KBC Group NV now owns 2,245 shares of the company's stock worth $84,000 after buying an additional 1,502 shares during the last quarter. Finally, Highlander Partners L.P. purchased a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the 4th quarter valued at approximately $63,000.

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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