GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director Acquires $1,705,570.14 in Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone purchased 66,702 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of $25.57 per share, for a total transaction of $1,705,570.14. Following the purchase, the director owned 2,558,752 shares in the company, valued at $65,427,288.64. The trade was a 2.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

GCI Liberty, Inc. – Series A GCI Group Stock Up 0.7%

GLIBA stock opened at $27.08 on Friday. The firm has a market cap of $777.20 million and a PE ratio of -2.41. GCI Liberty, Inc. – Series A GCI Group has a 1 year low of $19.61 and a 1 year high of $41.87. The company has a fifty day simple moving average of $22.68 and a 200 day simple moving average of $30.25. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73.

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

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 report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, GCI Liberty, Inc. – Series A GCI Group presently has an average rating of “Sell”.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth $11,733,000. Dimensional Fund Advisors LP acquired a new position in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at $3,567,000. Whitebox Advisors LLC bought a new position in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth $2,614,000. Gotham Asset Management LLC raised its holdings in GCI Liberty, Inc. – Series A GCI Group by 103.2% in the 4th quarter. Gotham Asset Management LLC now owns 116,625 shares of the company’s stock worth $4,300,000 after acquiring an additional 59,235 shares during the period. Finally, Quantinno Capital Management LP lifted its position in GCI Liberty, Inc. – Series A GCI Group by 78.9% during the 1st quarter. Quantinno Capital Management LP now owns 128,543 shares of the company’s stock worth $4,737,000 after acquiring an additional 56,675 shares during 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.