GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Trading Down 1% – Here’s Why

Shares of GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) traded down 1% during trading on Friday . The company traded as low as $23.67 and last traded at $24.12. 149,845 shares were traded during trading, an increase of 403% from the average session volume of 29,768 shares. The stock had previously closed at $24.36.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

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

The stock has a market capitalization of $692.24 million, a price-to-earnings ratio of -2.14 and a beta of -0.87. The company’s 50-day simple moving average is $24.92 and its 200-day simple moving average is $28.08. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last posted its earnings results on Thursday, August 6th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.75). The firm had revenue of $261.00 million during 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%. Research analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other GCI Liberty, Inc. – Series A GCI Group news, Director John Malone acquired 406,730 shares of the company’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $24.87 per share, for a total transaction of $10,115,375.10. Following the purchase, the director directly owned 2,423,250 shares of the company’s stock, valued at $60,266,227.50. This trade represents a 20.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have bought 543,232 shares of company stock worth $13,582,081 over the last 90 days. 7.87% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GCI Liberty, Inc. – Series A GCI Group

Large investors have recently added to or reduced their stakes in the stock. Deltroit Asset Management UK LLP acquired a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the 4th quarter worth $90,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the first quarter worth about $147,000. WINTON GROUP Ltd acquired a new stake in GCI Liberty, Inc. – Series A GCI Group in the second quarter valued at $210,000. R Squared Ltd bought a new position in GCI Liberty, Inc. – Series A GCI Group during the 1st quarter worth approximately $240,000. Finally, Moran Wealth Management LLC bought a new position in GCI Liberty, Inc. – Series A GCI Group during the first quarter worth $281,000.

About GCI Liberty, Inc. – Series A GCI Group

GCI Liberty, Inc was a holding company created in 2018 through the combination of Liberty Interactive’s former holdings and GCI Holdings. Its principal operating business was GCI Holdings, an Alaska-based telecommunications company that provided data, wireless, video and voice services to residential, business, government and institutional customers.

Through GCI, the company operated communications networks serving communities throughout Alaska, including areas where geography and limited infrastructure made telecommunications services more challenging to deliver.