GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Stock Rating Lowered by Zacks Research

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

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

GLIBA stock opened at $25.73 on Tuesday. The business has a 50 day moving average price of $22.44 and a 200 day moving average price of $30.35. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.73. The stock has a market cap of $738.45 million and a price-to-earnings ratio of -2.29. GCI Liberty, Inc. – Series A GCI Group has a fifty-two week low of $19.61 and a fifty-two week 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 EPS for the quarter, missing the consensus estimate 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. Equities research analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at GCI Liberty, Inc. – Series A GCI Group

In related news, CEO Ronald A. Duncan purchased 65,000 shares of the business’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 purchase, the chief executive officer directly owned 42,516 shares of the company’s stock, valued at $894,536.64. The trade was a -289.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Malone purchased 406,730 shares of GCI Liberty, Inc. – Series A GCI Group stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $24.87 per share, with a total value of $10,115,375.10. Following the completion of the transaction, the director owned 2,423,250 shares of the company’s stock, valued at $60,266,227.50. The trade was a 20.17% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 609,732 shares of company stock valued at $14,976,306. Company insiders own 7.87% of the company’s stock.

Hedge Funds Weigh In On GCI Liberty, Inc. – Series A GCI Group

Several hedge funds have recently made changes to their positions in the company. US Bancorp DE acquired a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $27,000. JPMorgan Chase & Co. purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at about $33,000. Legal & General Group Plc purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at about $39,000. Public Employees Retirement System of Ohio acquired a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at about $39,000. Finally, Whittier Trust Co. boosted its position in shares of GCI Liberty, Inc. – Series A GCI Group by 147.7% in the 4th quarter. Whittier Trust Co. now owns 1,174 shares of the company’s stock valued at $43,000 after purchasing an additional 700 shares during the period.

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.