GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Shares Gap Up – Still a Buy?

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) shares gapped up before the market opened on Monday. The stock had previously closed at $21.51, but opened at $23.00. GCI Liberty, Inc. – Series A GCI Group shares last traded at $22.8590, with a volume of 4,767 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of “Hold”.

GCI Liberty, Inc. – Series A GCI Group Stock Up 2.7%

The company has a fifty day moving average of $23.65 and a 200 day moving average of $28.89. 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 company has a market cap of $662.91 million, a P/E ratio of -2.05 and a beta of -0.67.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last posted its quarterly 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. On average, research analysts anticipate 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 related news, Director John Malone acquired 1,000 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $26.00 per share, with a total value of $26,000.00. Following the acquisition, the director directly owned 2,559,752 shares of the company’s stock, valued at approximately $66,553,552. This trade represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have acquired 543,232 shares of company stock valued at $13,582,081. 7.87% of the stock is owned by insiders.

Hedge Funds Weigh In On GCI Liberty, Inc. – Series A GCI Group

Several institutional investors have recently added to or reduced their stakes in GLIBA. State Street Corp lifted its position in GCI Liberty, Inc. – Series A GCI Group by 159.2% during the second quarter. State Street Corp now owns 175,280 shares of the company’s stock valued at $3,839,000 after purchasing an additional 107,649 shares during the last quarter. Quantinno Capital Management LP increased its stake in GCI Liberty, Inc. – Series A GCI Group by 78.9% during the first quarter. Quantinno Capital Management LP now owns 128,543 shares of the company’s stock worth $4,737,000 after acquiring an additional 56,675 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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 purchasing an additional 35,340 shares during the period. Wedmont Private Capital purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $336,000. Finally, WINTON GROUP Ltd purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the second quarter valued at approximately $210,000.

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

GCI Liberty, Inc was a holding company associated primarily with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered broadband internet, wireless communications, video, voice, and data services to residential, business, government, and educational customers.

GCI served communities throughout Alaska, including areas where geography and limited infrastructure made telecommunications deployment challenging. Its services included high-speed internet, mobile and fixed wireless connectivity, cable television, local and long-distance voice services, enterprise networking, data transport, and communications solutions for public-sector and commercial customers.

GCI Liberty was created in 2018 in connection with the combination of Liberty Interactive and GCI Holdings.