GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone Purchases 406,730 Shares of Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Director John Malone purchased 406,730 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were purchased at an average cost of $24.87 per share, with a total value of $10,115,375.10. Following the purchase, the director directly owned 2,423,250 shares in the company, valued at approximately $60,266,227.50. The trade was a 20.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

Shares of NASDAQ GLIBK opened at $25.71 on Thursday. 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 50-day moving average price is $22.15 and its 200 day moving average price is $30.15. 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 market cap of $921.70 million and a price-to-earnings ratio of -2.29.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced 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, research analysts forecast 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 bought and sold shares of the business. Barclays PLC boosted its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 5.2% during the fourth quarter. Barclays PLC now owns 3,386,430 shares of the company’s stock worth $126,009,000 after purchasing an additional 168,113 shares during the last quarter. UBS Group AG increased its stake in GCI Liberty, Inc. – Series C GCI Group by 56.1% in the fourth quarter. UBS Group AG now owns 3,233,608 shares of the company’s stock valued at $120,323,000 after purchasing an additional 1,162,370 shares during the last quarter. Vanguard Group Inc. increased its stake in GCI Liberty, Inc. – Series C GCI Group by 40.2% in the fourth quarter. Vanguard Group Inc. now owns 3,057,197 shares of the company’s stock valued at $113,758,000 after purchasing an additional 876,902 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock valued at $84,186,000 after purchasing an additional 2,262,429 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in GCI Liberty, Inc. – Series C GCI Group by 36.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,504,923 shares of the company’s stock worth $55,996,000 after buying an additional 398,769 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GLIBK. 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. Weiss Ratings cut GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.