GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) to a hold rating in a research note published on Saturday,Wall Street Zen reports.

A number of other analysts have also recently weighed in on GLIBK. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. 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 analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group presently has a consensus rating of “Reduce”.

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

Shares of GLIBK opened at $20.51 on Friday. GCI Liberty, Inc. – Series C GCI Group has a fifty-two week low of $19.30 and a fifty-two week high of $41.17. The company has a market capitalization of $735.28 million, a price-to-earnings ratio of 3.03 and a beta of -0.89. The firm has a 50-day simple moving average of $24.40 and a 200-day simple moving average of $25.60. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its quarterly 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%. On average, equities research analysts anticipate 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 news, Director John C. Malone purchased 1,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were acquired at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the purchase, the director directly owned 2,559,752 shares in the company, valued at $66,553,552. The trade was a 0.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 543,232 shares of company stock valued at $13,582,081 over the last quarter.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Wedmont Private Capital raised its stake in GCI Liberty, Inc. – Series C GCI Group by 64.0% in the 3rd quarter. Wedmont Private Capital now owns 28,291 shares of the company’s stock valued at $667,000 after purchasing an additional 11,045 shares during the last quarter. AXQ Capital LP lifted its holdings in GCI Liberty, Inc. – Series C GCI Group by 217.5% in the 2nd quarter. AXQ Capital LP now owns 83,962 shares of the company’s stock valued at $1,810,000 after purchasing an additional 57,515 shares in the last quarter. Versant Capital Management Inc lifted its holdings in GCI Liberty, Inc. – Series C GCI Group by 2,965.3% in the 2nd quarter. Versant Capital Management Inc now owns 2,207 shares of the company’s stock valued at $48,000 after purchasing an additional 2,135 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 50.9% during the 1st quarter. Bank of America Corp DE now owns 200,832 shares of the company’s stock worth $7,473,000 after purchasing an additional 67,739 shares during the last quarter. Finally, Amundi acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 1st quarter worth about $2,818,000.

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.