GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK) Stock Price Down 4.7% - Should You Sell?

Key Points

• GLIBK shares fell 4.7% to $22.48 in mid-day trading, with volume down 96% from the average session. The stock remained below both its 50-day and 200-day moving averages.
• Analyst sentiment was generally negative, with an average “Reduce” rating; Zacks upgraded the stock from “Strong Sell” to “Hold,” while Weiss Ratings maintained a “Sell” rating. The company also missed quarterly earnings expectations, reporting $0.40 per share versus the $1.15 consensus estimate.
• Despite the weak performance, insiders bought 543,232 shares worth about $13.6 million over the past 90 days, while several institutional investors—including Barclays and Dimensional Fund Advisors—also increased their holdings.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report)'s stock price traded down 4.7% during mid-day trading on Friday. The stock traded as low as $22.66 and last traded at $22.48. 23,677 shares were traded during mid-day trading, a decline of 96% from the average session volume of 554,715 shares. The stock had previously closed at $23.59.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Zacks Research upgraded GCI Liberty, Inc. - Series C GCI Group from a "strong sell" rating to a "hold" rating in a research note on Monday. Weiss Ratings reissued a "sell (d)" rating on shares of GCI Liberty, Inc. - Series C GCI Group in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce".

GCI Liberty, Inc. - Series C GCI Group Trading Down 9.4%

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 firm has a market cap of $765.94 million, a price-to-earnings ratio of -1.90 and a beta of -0.89. The company's 50-day moving average is $24.90 and its 200-day moving average is $26.42.

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

Insider Buying and Selling 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 the business's stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the acquisition, the director owned 2,559,752 shares of the company's stock, valued at approximately $66,553,552. This represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought a total of 543,232 shares of company stock valued at $13,582,081 over the last ninety days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GLIBK. Barclays PLC lifted its stake in shares of GCI Liberty, Inc. - Series C GCI Group by 5.2% in the 4th quarter. Barclays PLC now owns 3,386,430 shares of the company's stock valued at $126,009,000 after acquiring an additional 168,113 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of GCI Liberty, Inc. - Series C GCI Group by 36.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,504,923 shares of the company's stock worth $55,996,000 after acquiring an additional 398,769 shares during the last quarter. Alberta Investment Management Corp increased its holdings in shares of GCI Liberty, Inc. - Series C GCI Group by 65.8% in the 4th quarter. Alberta Investment Management Corp now owns 1,044,254 shares of the company's stock worth $38,857,000 after purchasing an additional 414,254 shares in the last quarter. Ruane Cunniff & Goldfarb L.P. raised its holdings in shares of GCI Liberty, Inc. - Series C GCI Group by 43.9% during the fourth quarter. Ruane Cunniff & Goldfarb L.P. now owns 539,071 shares of the company's stock valued at $20,059,000 after purchasing an additional 164,401 shares during the last quarter. Finally, Empyrean Capital Partners LP increased its position in shares of GCI Liberty, Inc. - Series C GCI Group by 59.2% during the 4th quarter. Empyrean Capital Partners LP now owns 293,218 shares of the company's stock valued at $10,911,000 after purchasing an additional 109,062 shares during the last quarter.

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.

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