GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock Price Up 5.8% – Should You Buy?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) shares rose 5.8% on Tuesday . The stock traded as high as $35.11 and last traded at $34.90. Approximately 129,732 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 458,438 shares. The stock had previously closed at $32.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research report on Monday, December 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

GCI Liberty, Inc. – Series C GCI Group Trading Up 3.0%

The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $974.94 million and a price-to-earnings ratio of 5.96. The company’s fifty day simple moving average is $34.63.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($13.34) earnings per share (EPS) for the quarter.

Insider Transactions at GCI Liberty, Inc. – Series C GCI Group

In related news, Director John C. Malone purchased 763 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The shares were purchased at an average price of $35.00 per share, with a total value of $26,705.00. Following the purchase, the director owned 1,221,358 shares of the company’s stock, valued at $42,747,530. The trade was a 0.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jedd Gould acquired 15,000 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction on Monday, November 17th. The shares were bought at an average price of $34.11 per share, with a total value of $511,650.00. Following the completion of the transaction, the director directly owned 15,051 shares of the company’s stock, valued at $513,389.61. This trade represents a 29,411.76% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 28,352 shares of company stock worth $978,656 over the last 90 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GLIBK. Barclays PLC acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $119,947,000. Vanguard Group Inc. purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $81,260,000. UBS Group AG acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $77,195,000. Alberta Investment Management Corp purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $23,480,000. Finally, Holocene Advisors LP acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $22,362,000.

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

GCI Liberty Inc consists of its wholly owned subsidiary GCI. The company is communications provider, providing data, voice and managed services to consumer and business customers throughout Alaska. GCI Liberty Inc is based in ENGLEWOOD, Colo.