Ronald Duncan Buys 65,000 Shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) CEO Ronald Duncan purchased 65,000 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average cost of $21.04 per share, with a total value of $1,367,600.00. Following the transaction, the chief executive officer owned 42,516 shares in the company, valued at approximately $894,536.64. The trade was a -289.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

GCI Liberty, Inc. – Series C GCI Group Trading Up 4.1%

NASDAQ:GLIBK opened at $21.56 on Friday. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $20.33 and a twelve month high of $41.17. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $30.97 and a two-hundred day moving average price of $34.62. The company has a market cap of $772.93 million and a P/E ratio of -2.01.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. As a group, analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

Institutional Investors Weigh In On GCI Liberty, Inc. – Series C GCI Group

A number of institutional investors and hedge funds have recently made changes to their positions in GLIBK. Quarry LP bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $30,000. FNY Investment Advisers LLC bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at $33,000. Fifth Third Bancorp bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 1st quarter valued at $38,000. Central Pacific Bank Trust Division bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at $48,000. Finally, Highlander Partners L.P. bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at $63,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GLIBK. Weiss Ratings cut GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Zacks Research cut GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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.