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

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) posted its earnings results on Thursday. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.76), Zacks reports. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 13.16%. The firm had revenue of $256.00 million during the quarter.

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

Shares of NASDAQ:GLIBA traded down $0.39 during midday trading on Friday, reaching $26.77. The company had a trading volume of 98,446 shares, compared to its average volume of 45,479. GCI Liberty, Inc. – Series A GCI Group has a 52-week low of $25.92 and a 52-week high of $41.87. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average price is $36.66 and its 200 day moving average price is $36.33. The stock has a market cap of $768.30 million and a P/E ratio of 3.62.

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

A number of institutional investors have recently added to or reduced their stakes in GLIBA. Vanguard Group Inc. bought a new position in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth about $11,733,000. Dimensional Fund Advisors LP purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at approximately $3,567,000. Whitebox Advisors LLC bought a new position in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at approximately $2,614,000. Gotham Asset Management LLC increased its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 103.2% in 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 in the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth $1,685,000.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded GCI Liberty, Inc. – Series A GCI Group to a “hold” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

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.