GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Hits New 1-Year High – Here’s What Happened

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK)’s share price hit a new 52-week high on Tuesday . The company traded as high as $39.94 and last traded at $39.79, with a volume of 159530 shares. The stock had previously closed at $38.98.

Analyst Ratings Changes

A number of brokerages have recently commented on GLIBK. Weiss Ratings downgraded GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 29th. Zacks Research upgraded GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group has an average rating of “Reduce”.

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

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 stock has a market cap of $1.15 billion and a price-to-earnings ratio of 7.00. The company has a fifty day simple moving average of $36.20.

Insider Buying and Selling

In other news, Director Jedd Gould acquired 15,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were bought at an average cost of $34.11 per share, for a total transaction of $511,650.00. Following the acquisition, the director directly owned 15,051 shares in the company, valued at $513,389.61. This trade represents a 29,411.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

A number of institutional investors have recently modified their holdings of the company. Barclays PLC acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $119,947,000. Northwestern Mutual Wealth Management Co. grew its stake in GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock worth $84,186,000 after buying an additional 2,262,429 shares during the period. Vanguard Group Inc. purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth approximately $81,260,000. UBS Group AG acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth $77,195,000. Finally, Alberta Investment Management Corp purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $23,480,000.

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.