GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) CEO Ronald Duncan Acquires 65,000 Shares of Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) CEO Ronald Duncan purchased 65,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the transaction, the chief executive officer directly owned 42,516 shares of the company’s stock, valued at approximately $894,536.64. This represents a -289.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

GCI Liberty, Inc. – Series A GCI Group Trading Up 1.2%

NASDAQ GLIBA opened at $20.74 on Friday. The stock’s 50-day simple moving average is $31.39 and its two-hundred day simple moving average is $34.78. GCI Liberty, Inc. – Series A GCI Group has a twelve month low of $20.25 and a twelve month high of $41.87. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $595.24 million and a price-to-earnings ratio of -1.94.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. The firm had revenue of $256.00 million for the quarter. Research analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research downgraded GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. US Bancorp DE purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth about $27,000. AlphaQuest LLC purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth about $31,000. JPMorgan Chase & Co. purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth about $33,000. Legal & General Group Plc purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth about $39,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth about $39,000.

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.