GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Trading Down 7.4% – Here’s What Happened

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA)’s share price was down 7.4% during trading on Monday . The company traded as low as $21.55 and last traded at $21.2110. 52,781 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 62,539 shares. The stock had previously closed at $22.90.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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

The stock has a market cap of $628.53 million and a PE ratio of -2.04. The stock has a fifty day moving average of $25.82 and a 200-day moving average of $33.26. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. The company had revenue of $256.00 million for the quarter. On average, equities analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

Insider Activity

In related news, CEO Ronald A. Duncan purchased 65,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the purchase, the chief executive officer directly owned 42,516 shares of the company’s stock, valued at $894,536.64. This trade represents a -289.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.87% of the company’s stock.

Hedge Funds Weigh In On GCI Liberty, Inc. – Series A GCI Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE acquired a new position in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at $27,000. JPMorgan Chase & Co. purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at about $33,000. Legal & General Group Plc purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at about $39,000. Public Employees Retirement System of Ohio purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at about $39,000. Finally, Quantbot Technologies LP acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $43,000.

GCI Liberty, Inc. – Series A GCI Group Company Profile

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 primarily in Alaska under the GCI brand. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services. The company is based in Englewood, Colorado.