GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Shares Gap Up – Here’s Why

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $24.71, but opened at $26.36. GCI Liberty, Inc. – Series A GCI Group shares last traded at $26.7590, with a volume of 793 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Hold rating. According to MarketBeat, GCI Liberty, Inc. – Series A GCI Group has an average rating of “Hold”.

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

The company’s 50-day moving average is $23.39 and its 200-day moving average is $28.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.85 and a quick ratio of 2.85. The firm has a market capitalization of $782.74 million, a price-to-earnings ratio of 9.83 and a beta of -0.67.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last released its earnings results on Thursday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.18). GCI Liberty, Inc. – Series A GCI Group had a net margin of 7.36% and a return on equity of 4.46%. The company had revenue of $267.00 million during the quarter. On average, research analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 2.36 earnings per share for the current year.

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

In related news, Director John Malone acquired 68,800 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $25.22 per share, with a total value of $1,735,136.00. Following the purchase, the director directly owned 2,492,050 shares of the company’s stock, valued at approximately $62,849,501. This represents a 2.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have acquired 136,502 shares of company stock valued at $3,466,706. 7.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GLIBA. Russell Investments Group Ltd. boosted its holdings in GCI Liberty, Inc. – Series A GCI Group by 110.1% in the third quarter. Russell Investments Group Ltd. now owns 1,254 shares of the company’s stock valued at $29,000 after acquiring an additional 657 shares during the last quarter. Sterling Capital Management LLC grew its position in GCI Liberty, Inc. – Series A GCI Group by 6,245.6% during the third quarter. Sterling Capital Management LLC now owns 4,315 shares of the company’s stock valued at $100,000 after acquiring an additional 4,247 shares during the period. Wedmont Private Capital acquired a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $336,000. State Street Corp increased its stake in GCI Liberty, Inc. – Series A GCI Group by 159.2% during the second quarter. State Street Corp now owns 175,280 shares of the company’s stock worth $3,839,000 after acquiring an additional 107,649 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in GCI Liberty, Inc. – Series A GCI Group during the second quarter worth about $210,000.

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

GCI Liberty, Inc was a holding company associated primarily with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered broadband internet, wireless communications, video, voice, and data services to residential, business, government, and educational customers.

GCI served communities throughout Alaska, including areas where geography and limited infrastructure made telecommunications deployment challenging. Its services included high-speed internet, mobile and fixed wireless connectivity, cable television, local and long-distance voice services, enterprise networking, data transport, and communications solutions for public-sector and commercial customers.

GCI Liberty was created in 2018 in connection with the combination of Liberty Interactive and GCI Holdings.