Gregory B. Maffei Sells 16,659 Shares of GCI Liberty Inc (NASDAQ:GLIBA) Stock

GCI Liberty Inc (NASDAQ:GLIBA) CEO Gregory B. Maffei sold 16,659 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $69.47, for a total transaction of $1,157,300.73. Following the completion of the transaction, the chief executive officer now owns 1,123,462 shares of the company’s stock, valued at approximately $78,046,905.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

NASDAQ GLIBA traded down $0.57 during trading hours on Wednesday, reaching $69.60. The company’s stock had a trading volume of 384,969 shares, compared to its average volume of 407,072. The stock has a market cap of $7.35 billion, a PE ratio of -44.05 and a beta of 1.37. GCI Liberty Inc has a fifty-two week low of $38.72 and a fifty-two week high of $74.31. The company’s 50-day moving average is $69.95 and its two-hundred day moving average is $63.72. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.60 and a current ratio of 0.60.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its stake in GCI Liberty by 3.2% in the 2nd quarter. BlackRock Inc. now owns 4,919,998 shares of the company’s stock valued at $302,383,000 after acquiring an additional 154,167 shares during the last quarter. River Road Asset Management LLC boosted its stake in shares of GCI Liberty by 13.9% during the 3rd quarter. River Road Asset Management LLC now owns 1,690,809 shares of the company’s stock worth $104,949,000 after purchasing an additional 206,080 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of GCI Liberty by 61.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,466,545 shares of the company’s stock worth $90,134,000 after purchasing an additional 559,940 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of GCI Liberty during the 2nd quarter worth about $30,924,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of GCI Liberty by 27.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 480,455 shares of the company’s stock worth $29,519,000 after purchasing an additional 103,078 shares during the last quarter. 87.35% of the stock is currently owned by hedge funds and other institutional investors.

GLIBA has been the subject of a number of research analyst reports. B. Riley increased their price target on shares of GCI Liberty from $72.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Pivotal Research set a $75.00 price objective on shares of GCI Liberty and gave the company a “buy” rating in a research note on Friday, August 16th. Benchmark assumed coverage on shares of GCI Liberty in a research note on Thursday, August 15th. They issued a “buy” rating and a $70.00 price objective on the stock. ValuEngine cut shares of GCI Liberty from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Evercore ISI assumed coverage on shares of GCI Liberty in a research note on Thursday, August 15th. They issued an “outperform” rating and a $70.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. GCI Liberty has a consensus rating of “Buy” and a consensus price target of $75.00.

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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