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

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday, Zacks reports.

GCI Liberty, Inc. – Series A GCI Group Stock Up 0.2%

NASDAQ:GLIBA opened at $23.65 on Monday. 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 has a 1-year low of $19.61 and a 1-year high of $41.87. The company has a 50-day moving average of $25.19 and a 200 day moving average of $26.81. The firm has a market cap of $678.75 million, a PE ratio of -2.10 and a beta of -0.70.

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 analysts’ consensus estimates of $1.15 by ($0.75). GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. The business had revenue of $261.00 million for the quarter. As a group, research analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 2.58 EPS 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 GCI Liberty, Inc. – Series A GCI Group stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $24.87 per share, with a total value of $10,115,375.10. Following the completion of the purchase, the director directly owned 2,423,250 shares of the company’s stock, valued at approximately $60,266,227.50. This represents a 20.17% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 543,232 shares of company stock valued at $13,582,081 over the last ninety days. Insiders own 7.87% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 159.2% during the 2nd quarter. State Street Corp now owns 175,280 shares of the company’s stock worth $3,839,000 after purchasing an additional 107,649 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of GCI Liberty, Inc. – Series A GCI Group by 29.7% during the first quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company’s stock valued at $5,682,000 after buying an additional 35,340 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 78.9% in the 1st quarter. Quantinno Capital Management LP now owns 128,543 shares of the company’s stock valued at $4,737,000 after buying an additional 56,675 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 324.9% in the 4th quarter. Virtu Financial LLC now owns 30,645 shares of the company’s stock valued at $1,130,000 after buying an additional 23,432 shares in the last quarter. Finally, Gabelli Funds LLC boosted its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 6.1% in the 1st quarter. Gabelli Funds LLC now owns 22,010 shares of the company’s stock valued at $811,000 after buying an additional 1,260 shares in the last quarter.

About GCI Liberty, Inc. – Series A GCI Group

GCI Liberty, Inc was a holding company whose Series A GCI Group tracking stock represented an interest in GCI Holdings, LLC, an Alaska-based telecommunications and media company. GCI Liberty was formed in 2018 through the separation of GCI Holdings from Liberty Interactive Corporation.

Through GCI Holdings, the company provided wireless communications, broadband internet, video, voice, data networking, and managed services. GCI served residential, business, government, and wholesale customers across Alaska, including communities where telecommunications infrastructure can be difficult to develop.