GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Issues Earnings Results, Misses Estimates By $0.18 EPS

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) issued its quarterly earnings data on Thursday. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.18), Zacks reports. GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%.

GCI Liberty, Inc. – Series C GCI Group Trading Up 6.5%

NASDAQ:GLIBK traded up $1.51 on Thursday, reaching $24.78. 437,232 shares of the company’s stock were exchanged, compared to its average volume of 463,712. The firm has a market capitalization of $888.36 million, a price-to-earnings ratio of -2.20 and a beta of -0.86. GCI Liberty, Inc. – Series C GCI Group has a 52-week low of $19.30 and a 52-week high of $41.17. 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 business has a fifty day moving average of $23.36 and a 200-day moving average of $28.40.

Analyst Upgrades and Downgrades

GLIBK has been the topic of a number of research analyst reports. Zacks Research upgraded GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Wall Street Zen upgraded GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research report on Saturday, October 17th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research note on Tuesday, August 18th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

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

In other GCI Liberty, Inc. – Series C GCI Group news, Director John C. Malone acquired 406,730 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $24.87 per share, for a total transaction of $10,115,375.10. Following the completion of the acquisition, the director owned 2,423,250 shares of the company’s stock, valued at approximately $60,266,227.50. This trade represents a 20.17% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 543,232 shares of company stock valued at $13,582,081 over the last ninety days.

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

GCI Liberty, Inc was a holding company whose principal operating business was GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI, the company offered wireless and wireline communications, broadband internet, data networking, video and voice services to residential, business, government and institutional customers.

GCI operated across Alaska, serving communities throughout the state, including locations that can be difficult to reach through traditional terrestrial communications infrastructure.