GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Shares Gap Up – Time to Buy?

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $19.87, but opened at $20.90. GCI Liberty, Inc. – Series A GCI Group shares last traded at $20.79, with a volume of 361 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

GCI Liberty, Inc. – Series A GCI Group Trading Up 0.3%

The firm has a market cap of $608.64 million, a P/E ratio of -1.89 and a beta of -0.70. The company’s 50 day moving average is $24.26 and its two-hundred day moving average is $25.48. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.75). GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. The business had revenue of $261.00 million for the quarter. On average, sell-side analysts predict that GCI Liberty, Inc. – Series A GCI Group will post 2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John Malone bought 1,000 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was bought at an average cost of $26.00 per share, with a total value of $26,000.00. Following the completion of the purchase, the director owned 2,559,752 shares in the company, valued at approximately $66,553,552. The trade was a 0.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have bought 543,232 shares of company stock worth $13,582,081. 7.87% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GLIBA. State Street Corp raised its position in shares of GCI Liberty, Inc. – Series A GCI Group by 159.2% during the second quarter. State Street Corp now owns 175,280 shares of the company’s stock worth $3,839,000 after acquiring an additional 107,649 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in GCI Liberty, Inc. – Series A GCI Group by 78.9% in the first quarter. Quantinno Capital Management LP now owns 128,543 shares of the company’s stock valued at $4,737,000 after acquiring an additional 56,675 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in GCI Liberty, Inc. – Series A GCI Group by 29.7% in the first quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company’s stock valued at $5,682,000 after acquiring an additional 35,340 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the 1st quarter worth about $147,000. Finally, Sterling Capital Management LLC raised its holdings in GCI Liberty, Inc. – Series A GCI Group by 6,245.6% during the 3rd quarter. Sterling Capital Management LLC now owns 4,315 shares of the company’s stock worth $100,000 after purchasing an additional 4,247 shares during the last quarter.

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

GCI Liberty, Inc was a holding company associated primarily with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered broadband internet, wireless communications, video, voice, and data services to residential, business, government, and educational customers.

GCI served communities throughout Alaska, including areas where geography and limited infrastructure made telecommunications deployment challenging. Its services included high-speed internet, mobile and fixed wireless connectivity, cable television, local and long-distance voice services, enterprise networking, data transport, and communications solutions for public-sector and commercial customers.

GCI Liberty was created in 2018 in connection with the combination of Liberty Interactive and GCI Holdings.