GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Shares Down 7.4% – Should You Sell?

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA)’s stock price fell 7.4% during mid-day trading on Monday . The company traded as low as $21.55 and last traded at $21.2110. 52,781 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 62,539 shares. The stock had previously closed at $22.90.

Wall Street Analyst Weigh In

Separately, Zacks Research cut 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 investment 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 Trading Down 3.7%

The firm has a market cap of $632.84 million and a price-to-earnings ratio of -2.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31. The company has a 50 day moving average price of $26.45 and a 200 day moving average price of $33.40.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last announced its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series A GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%.The business had revenue of $256.00 million for the quarter. On average, research analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 3.36 earnings per share for the current year.

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

In other news, CEO Ronald A. Duncan bought 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the acquisition, the chief executive officer directly owned 42,516 shares in the company, valued at approximately $894,536.64. This trade represents a -289.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.87% of the stock is owned by company insiders.

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

Several large investors have recently added to or reduced their stakes in the business. US Bancorp DE bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth about $27,000. JPMorgan Chase & Co. acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth approximately $33,000. Legal & General Group Plc bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at approximately $39,000. Public Employees Retirement System of Ohio acquired a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth $39,000. Finally, Whittier Trust Co. increased its position in GCI Liberty, Inc. – Series A GCI Group by 147.7% during the fourth 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 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.