GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Shares Gap Down – Should You Sell?

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) shares gapped down prior to trading on Tuesday . The stock had previously closed at $22.44, but opened at $21.50. GCI Liberty, Inc. – Series A GCI Group shares last traded at $21.4410, with a volume of 1,035 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, GCI Liberty, Inc. – Series A GCI Group presently has a consensus rating of “Sell”.

GCI Liberty, Inc. – Series A GCI Group Trading Down 0.5%

The firm has a market cap of $612.00 million and a PE ratio of -1.99. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average price is $29.25 and its two-hundred day moving average price is $34.14.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last announced its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. The firm had revenue of $256.00 million during the quarter. As a group, sell-side analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

Insider Activity 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 dated 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 completion of the acquisition, the chief executive officer owned 42,516 shares in the company, valued at approximately $894,536.64. This trade represents a -289.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 7.87% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GLIBA. AlphaQuest LLC bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth about $31,000. Oppenheimer Asset Management Inc. bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth about $462,000. Rhumbline Advisers bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth about $122,000. JPMorgan Chase & Co. bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth about $33,000. Finally, Vanguard Group Inc. bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth about $11,733,000.

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.