Insider Buying: GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director Acquires $1,705,570.14 in Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone bought 66,702 shares of GCI Liberty, Inc. – Series A GCI Group stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average price of $25.57 per share, with a total value of $1,705,570.14. Following the acquisition, the director directly owned 2,558,752 shares of the company’s stock, valued at approximately $65,427,288.64. This represents a 2.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

GCI Liberty, Inc. – Series A GCI Group Stock Up 2.9%

Shares of GCI Liberty, Inc. – Series A GCI Group stock traded up $0.73 during midday trading on Wednesday, hitting $25.73. The company’s stock had a trading volume of 32,574 shares, compared to its average volume of 64,029. GCI Liberty, Inc. – Series A GCI Group has a 1-year low of $19.61 and a 1-year high of $41.87. 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 firm has a market capitalization of $738.40 million and a P/E ratio of -2.29. The stock has a 50-day simple moving average of $22.34 and a 200-day simple moving average of $30.44.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.75). The business had revenue of $261.00 million for the quarter. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. As a group, sell-side analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 2.58 earnings per share for the current year.

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

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

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.