GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Sets New 52-Week High – Should You Buy?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.19 and last traded at $38.76, with a volume of 103456 shares. The stock had previously closed at $38.20.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.

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

The company’s fifty day moving average is $34.75. The company has a market capitalization of $1.11 billion and a P/E ratio of 6.81. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.34 and a current ratio of 1.34.

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

Insider Buying and Selling

In related news, Director Jedd Gould acquired 15,000 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were purchased at an average cost of $34.11 per share, for a total transaction of $511,650.00. Following the completion of the acquisition, the director directly owned 15,051 shares in the company, valued at approximately $513,389.61. This trade represents a 29,411.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

Institutional investors have recently bought and sold shares of the business. Quarry LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at approximately $30,000. Western Pacific Wealth Management LP acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $31,000. Bartlett & CO. Wealth Management LLC acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $48,000. Central Pacific Bank Trust Division bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth $48,000. Finally, JTC Employer Solutions Trustee Ltd bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $49,000.

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.