GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Shares Gap Up – Here’s What Happened

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) shares gapped up prior to trading on Thursday . The stock had previously closed at $26.43, but opened at $28.80. GCI Liberty, Inc. – Series A GCI Group shares last traded at $25.9150, with a volume of 207 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

GCI Liberty, Inc. – Series A GCI Group Stock Down 0.5%

The company has a market cap of $745.91 million and a price-to-earnings ratio of -2.31. The business has a fifty day moving average of $23.17 and a two-hundred day moving average of $29.87. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.75). The business had revenue of $261.00 million during the quarter. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. As a group, equities analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 2.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ronald A. Duncan purchased 65,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the acquisition, the chief executive officer owned 42,516 shares in the company, valued at $894,536.64. The trade was a -289.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Malone purchased 406,730 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $24.87 per share, with a total value of $10,115,375.10. Following the acquisition, the director owned 2,423,250 shares in the company, valued at $60,266,227.50. This represents a 20.17% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 610,732 shares of company stock worth $15,002,306 in the last quarter. Insiders own 7.87% of the company’s stock.

Institutional Trading of GCI Liberty, Inc. – Series A GCI Group

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