Short Interest in GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Increases By 87.2%

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 563,201 shares, a growth of 87.2% from the June 15th total of 300,857 shares. Based on an average daily volume of 226,820 shares, the days-to-cover ratio is presently 2.5 days. Currently, 2.1% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research raised shares of GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

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

In related news, CEO Ronald A. Duncan bought 65,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $21.04 per share, with a total value 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 approximately $894,536.64. This represents a -289.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.87% of the stock is currently owned by corporate insiders.

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

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth about $27,000. JPMorgan Chase & Co. acquired a new position in GCI Liberty, Inc. – Series A GCI Group in the third quarter worth about $33,000. Legal & General Group Plc bought a new stake in GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at about $39,000. Public Employees Retirement System of Ohio bought a new stake in GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at about $39,000. Finally, Whittier Trust Co. raised its stake in 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 valued at $43,000 after buying an additional 700 shares in the last quarter.

GCI Liberty, Inc. – Series A GCI Group Stock Down 2.2%

Shares of NASDAQ GLIBA traded down $0.50 during midday trading on Friday, reaching $22.08. 46,226 shares of the company’s stock were exchanged, compared to its average volume of 144,817. GCI Liberty, Inc. – Series A GCI Group has a 52-week low of $19.61 and a 52-week high of $41.87. The stock has a market capitalization of $633.70 million and a PE ratio of -2.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31. The business’s fifty day moving average price is $22.78 and its two-hundred day moving average price is $32.13.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its quarterly earnings data 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 business had revenue of $256.00 million for the quarter. Analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

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.