GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director Acquires $1,735,136.00 in Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone acquired 68,800 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $25.22 per share, with a total value of $1,735,136.00. Following the completion of the transaction, the director directly owned 2,492,050 shares of the company’s stock, valued at approximately $62,849,501. The trade was a 2.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

GCI Liberty, Inc. – Series A GCI Group Trading Up 0.7%

Shares of GCI Liberty, Inc. – Series A GCI Group stock opened at $27.08 on Friday. GCI Liberty, Inc. – Series A GCI Group has a 52-week low of $19.61 and a 52-week high of $41.87. The stock has a market cap of $777.20 million and a PE ratio of -2.41. The firm has a 50-day moving average of $22.68 and a 200-day moving average of $30.25. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 2.58 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its position in GCI Liberty, Inc. – Series A GCI Group by 3.2% in the fourth quarter. First Trust Advisors LP now owns 10,588 shares of the company’s stock worth $390,000 after buying an additional 333 shares during the last quarter. Whittier Trust Co. increased its holdings in 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 worth $43,000 after acquiring an additional 700 shares during the last quarter. US Bancorp DE bought a new stake in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at about $27,000. JPMorgan Chase & Co. purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at about $33,000. Finally, Gamco Investors INC. ET AL boosted its position in GCI Liberty, Inc. – Series A GCI Group by 8.0% during the first quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company’s stock worth $508,000 after purchasing an additional 1,023 shares during the period.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.