GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) CEO Buys $1,367,600.00 in Stock

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

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

Shares of GLIBA traded up $0.24 during trading hours on Thursday, reaching $20.74. 133,664 shares of the stock traded hands, compared to its average volume of 48,157. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $31.71 and a 200 day simple moving average of $34.87. GCI Liberty, Inc. – Series A GCI Group has a 52 week low of $20.25 and a 52 week high of $41.87. The company has a market cap 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. On average, equities analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

Wall Street Analyst Weigh In

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

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

Large investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the first quarter worth about $240,000. Moran Wealth Management LLC purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the first quarter worth about $281,000. Virtu Financial LLC increased its holdings in GCI Liberty, Inc. – Series A GCI Group by 324.9% during the fourth quarter. Virtu Financial LLC now owns 30,645 shares of the company’s stock worth $1,130,000 after buying an additional 23,432 shares during the last quarter. Deltroit Asset Management UK LLP purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the fourth quarter worth about $90,000. Finally, Whittier Trust Co. increased its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 147.7% in 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 in the last quarter.

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.