John Malone Acquires 66,702 Shares of GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone bought 66,702 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost of $25.57 per share, with a total value of $1,705,570.14. Following the purchase, the director directly owned 2,558,752 shares of the company’s stock, valued at $65,427,288.64. The trade was a 2.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

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

GLIBA stock opened at $26.89 on Friday. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.73. The firm has a market cap of $771.74 million and a price-to-earnings ratio of -2.39. The company’s fifty day simple moving average is $22.57 and its 200 day simple moving average is $30.27. GCI Liberty, Inc. – Series A GCI Group has a 12-month low of $19.61 and a 12-month high of $41.87.

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

Institutional Investors Weigh In On GCI Liberty, Inc. – Series A GCI Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP raised its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 3.2% during the fourth quarter. First Trust Advisors LP now owns 10,588 shares of the company’s stock valued at $390,000 after purchasing an additional 333 shares during the period. Whittier Trust Co. grew its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 147.7% in the 4th quarter. Whittier Trust Co. now owns 1,174 shares of the company’s stock valued at $43,000 after buying an additional 700 shares during the period. US Bancorp DE acquired a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at about $27,000. JPMorgan Chase & Co. bought a new stake in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at about $33,000. Finally, Gamco Investors INC. ET AL increased its position in GCI Liberty, Inc. – Series A GCI Group by 8.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company’s stock valued at $508,000 after buying an additional 1,023 shares in the last quarter.

Analysts Set New Price Targets

Separately, Zacks Research cut GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About GCI Liberty, Inc. – Series A GCI Group

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.