GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) from a strong sell rating to a hold rating in a report issued on Monday,Zacks.com reports.

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

Shares of NASDAQ GLIBA opened at $21.75 on Monday. The firm’s 50-day simple moving average is $23.19 and its 200 day simple moving average is $32.41. The stock has a market cap of $624.23 million and a P/E ratio of -2.03. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61. 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 released its earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.76). The company had revenue of $256.00 million for the quarter. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. Equities analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

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

In other news, CEO Ronald A. Duncan acquired 65,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the acquisition, the chief executive officer directly owned 42,516 shares in the company, valued at $894,536.64. This represents a -289.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 7.87% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC raised its position in shares of GCI Liberty, Inc. – Series A GCI Group by 6.1% during the first quarter. Gabelli Funds LLC now owns 22,010 shares of the company’s stock worth $811,000 after purchasing an additional 1,260 shares during the period. Gamco Investors INC. ET AL boosted its position 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 purchasing an additional 1,023 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 1st quarter valued at $147,000. Dimensional Fund Advisors LP increased its stake in GCI Liberty, Inc. – Series A GCI Group by 29.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company’s stock worth $5,682,000 after purchasing an additional 35,340 shares in the last quarter. Finally, R Squared Ltd purchased a new position in GCI Liberty, Inc. – Series A GCI Group in the 1st quarter worth about $240,000.

About GCI Liberty, Inc. – Series A GCI Group

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.