Insider Buying: GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director Buys $10,115,375.10 in Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone acquired 406,730 shares of GCI Liberty, Inc. – Series A GCI Group stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $24.87 per share, with a total value of $10,115,375.10. Following the transaction, the director directly owned 2,423,250 shares in the company, valued at approximately $60,266,227.50. The trade was a 20.17% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

Shares of GCI Liberty, Inc. – Series A GCI Group stock opened at $27.08 on Friday. 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 company has a fifty day simple moving average of $22.68 and a 200-day simple moving average of $30.25. The stock has a market cap of $777.20 million and a price-to-earnings ratio of -2.41. 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 announced 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 company had revenue of $261.00 million during the quarter. On average, equities analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 2.58 EPS for the current fiscal year.

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

Several hedge funds have recently made changes to their positions in the company. Quantinno Capital Management LP increased 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 purchasing an additional 56,675 shares during the period. Gabelli Funds LLC raised its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 6.1% during the 1st quarter. Gabelli Funds LLC now owns 22,010 shares of the company’s stock worth $811,000 after buying an additional 1,260 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 8.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company’s stock valued at $508,000 after buying an additional 1,023 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the first quarter valued at approximately $147,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 29.7% in the first quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company’s stock valued at $5,682,000 after buying an additional 35,340 shares in the last quarter.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, GCI Liberty, Inc. – Series A GCI Group currently has an average 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.