GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Trading 7.9% Higher – Should You Buy?

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA)’s share price shot up 7.9% during trading on Tuesday . The stock traded as high as $28.76 and last traded at $28.8860. 899 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 40,371 shares. The stock had previously closed at $26.77.

Analyst Ratings Changes

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

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

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 of $35.47 and a 200-day moving average of $36.02. The stock has a market capitalization of $752.23 million and a price-to-earnings ratio of -2.45.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last announced its earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). The company had revenue of $256.00 million for the quarter. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. As a group, equities research analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 4.57 earnings per share for the current fiscal 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. US Bancorp DE purchased a new position in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at about $27,000. AlphaQuest LLC purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $31,000. JPMorgan Chase & Co. purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $33,000. Legal & General Group Plc acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at approximately $39,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at approximately $39,000.

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.