GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Posts Earnings Results

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) posted its quarterly earnings results on Thursday. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.18), Zacks reports. The company had revenue of $267.00 million during the quarter. GCI Liberty, Inc. – Series A GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%.

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

Shares of NASDAQ:GLIBA traded up $1.62 during trading on Thursday, hitting $24.69. The stock had a trading volume of 112,911 shares, compared to its average volume of 48,368. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.73. GCI Liberty, Inc. – Series A GCI Group has a 12-month low of $19.30 and a 12-month high of $41.87. The stock has a market capitalization of $708.52 million, a price-to-earnings ratio of 3.37 and a beta of -0.67. The stock has a 50-day simple moving average of $23.39 and a two-hundred day simple moving average of $28.58.

Insider Buying and Selling

In other news, Director John Malone bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the transaction, the director directly owned 2,559,752 shares in the company, valued at approximately $66,553,552. This represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 543,232 shares of company stock valued at $13,582,081 in the last 90 days. 7.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.