GCI Liberty Inc (NASDAQ:GLIBA) insider Albert E. Rosenthaler sold 1,075 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $59.99, for a total value of $64,489.25. Following the completion of the transaction, the insider now owns 72,846 shares in the company, valued at approximately $4,370,031.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ GLIBA traded down $0.04 on Friday, hitting $64.25. The stock had a trading volume of 56,320 shares, compared to its average volume of 286,623. The business’s fifty day moving average price is $60.70 and its 200 day moving average price is $59.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.59 and a quick ratio of 0.59. GCI Liberty Inc has a 52-week low of $38.72 and a 52-week high of $64.96. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of -40.66 and a beta of 1.37.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered GCI Liberty from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. Benchmark started coverage on GCI Liberty in a research note on Thursday, August 15th. They issued a “buy” rating and a $70.00 target price for the company. Evercore ISI started coverage on GCI Liberty in a research note on Thursday, August 15th. They issued an “outperform” rating and a $70.00 target price for the company. B. Riley boosted their target price on GCI Liberty from $72.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Finally, Pivotal Research set a $75.00 target price on GCI Liberty and gave the company a “buy” rating in a research note on Friday, August 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $68.67.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP purchased a new position in shares of GCI Liberty in the 1st quarter valued at $3,492,000. Palladium Partners LLC acquired a new position in shares of GCI Liberty during the 1st quarter worth approximately $269,000. State Board of Administration of Florida Retirement System increased its position in shares of GCI Liberty by 2.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 143,350 shares of the company’s stock worth $8,810,000 after purchasing an additional 3,386 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of GCI Liberty during the 2nd quarter worth approximately $276,000. Finally, Natixis Advisors L.P. increased its position in shares of GCI Liberty by 13.5% during the 2nd quarter. Natixis Advisors L.P. now owns 101,804 shares of the company’s stock worth $6,257,000 after purchasing an additional 12,084 shares during the last quarter. 87.86% of the stock is currently owned by institutional investors and hedge funds.
About GCI Liberty
GCI Liberty, Inc, together with its subsidiaries, provides various communication services in the United States. The company offers data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services.
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