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

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA)’s share price 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

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

The stock has a 50-day moving average of $23.00 and a 200 day moving average of $29.98. The firm has a market capitalization of $740.40 million and a P/E ratio of -2.29. 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 issued its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share (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%. On average, research analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 2.58 earnings per share for the current year.

Insider Transactions at GCI Liberty, Inc. – Series A GCI Group

In related news, CEO Ronald A. Duncan bought 65,000 shares of GCI Liberty, Inc. – Series A GCI Group stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average cost of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the transaction, the chief executive officer owned 42,516 shares of the company’s stock, valued at approximately $894,536.64. This trade represents a -289.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John C. Malone purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were bought at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the purchase, the director directly owned 2,559,752 shares of the company’s stock, valued at $66,553,552. The trade was a 0.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 610,732 shares of company stock worth $15,002,306. Insiders own 7.87% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth $11,733,000. Dimensional Fund Advisors LP increased its position 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 worth $5,682,000 after purchasing an additional 35,340 shares during the period. Quantinno Capital Management LP raised its holdings in GCI Liberty, Inc. – Series A GCI Group by 78.9% during the 1st quarter. Quantinno Capital Management LP now owns 128,543 shares of the company’s stock worth $4,737,000 after purchasing an additional 56,675 shares during the last quarter. Gotham Asset Management LLC raised its holdings in GCI Liberty, Inc. – Series A GCI Group by 103.2% during the 4th quarter. Gotham Asset Management LLC now owns 116,625 shares of the company’s stock worth $4,300,000 after purchasing an additional 59,235 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in GCI Liberty, Inc. – Series A GCI Group by 13.8% during the 4th quarter. Osaic Holdings Inc. now owns 115,050 shares of the company’s stock valued at $4,242,000 after purchasing an additional 13,930 shares during the period.

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.