Insider Buying: GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director Acquires $26,000.00 in Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average cost of $26.00 per share, with a total value of $26,000.00. Following the completion of the transaction, the director owned 2,559,752 shares in the company, valued at approximately $66,553,552. The trade was a 0.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

Shares of GLIBA stock opened at $26.43 on Thursday. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73. The firm has a fifty day moving average price of $23.00 and a 200 day moving average price of $29.98. The company has a market cap of $758.54 million and a P/E ratio of -2.35. GCI Liberty, Inc. – Series A GCI Group has a 12 month low of $19.61 and a 12 month high of $41.87.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.75). GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. The business had revenue of $261.00 million during the quarter. Sell-side analysts predict that GCI Liberty, Inc. – Series A GCI Group will post 2.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GLIBA. First Trust Advisors LP raised its stake in GCI Liberty, Inc. – Series A GCI Group by 3.2% during the 4th quarter. First Trust Advisors LP now owns 10,588 shares of the company’s stock worth $390,000 after acquiring an additional 333 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of 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 purchasing an additional 700 shares during the last quarter. US Bancorp DE acquired a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $27,000. JPMorgan Chase & Co. acquired a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $33,000. Finally, Gamco Investors INC. ET AL increased its position in shares of GCI Liberty, Inc. – Series A GCI Group by 8.0% during the first quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company’s stock worth $508,000 after purchasing an additional 1,023 shares in the last quarter.

Wall Street Analyst Weigh In

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

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.