GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Posts Earnings Results, Misses Expectations By $0.18 EPS

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) issued its quarterly earnings data on Thursday. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.18), Zacks reports. GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%.

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

Shares of NASDAQ GLIBK traded up $0.95 during mid-day trading on Friday, reaching $25.73. The company had a trading volume of 208,846 shares, compared to its average volume of 547,265. The firm has a market cap of $922.53 million, a price-to-earnings ratio of -2.28 and a beta of -0.86. The business’s 50-day simple moving average is $23.36 and its 200 day simple moving average is $28.40. GCI Liberty, Inc. – Series C GCI Group has a one year low of $19.30 and a one year high of $41.17. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen raised GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Saturday, October 17th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group has an average rating of “Reduce”.

Insider Activity at GCI Liberty, Inc. – Series C GCI Group

In other news, Director John C. Malone acquired 406,730 shares of the stock in a transaction on Monday, August 10th. The stock was acquired at an average cost of $24.87 per share, for a total transaction of $10,115,375.10. Following the completion of the transaction, the director directly owned 2,423,250 shares in the company, valued at approximately $60,266,227.50. This trade represents a 20.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have purchased 543,232 shares of company stock valued at $13,582,081.

GCI Liberty, Inc. – Series C GCI Group Company Profile

GCI Liberty, Inc was a holding company whose principal operating business was GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI, the company offered wireless and wireline communications, broadband internet, data networking, video and voice services to residential, business, government and institutional customers.

GCI operated across Alaska, serving communities throughout the state, including locations that can be difficult to reach through traditional terrestrial communications infrastructure.