GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Releases Earnings Results, Misses Expectations By $0.18 EPS

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) issued its quarterly earnings results on Thursday. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.18), Zacks reports. The firm had revenue of $267.00 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%.

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

GLIBA stock traded up $1.62 during trading hours on Friday, reaching $26.33. The stock had a trading volume of 45,952 shares, compared to its average volume of 47,562. The stock has a 50-day simple moving average of $23.39 and a 200 day simple moving average of $28.52. GCI Liberty, Inc. – Series A GCI Group has a fifty-two week low of $19.30 and a fifty-two week high of $41.87. The stock has a market capitalization of $755.67 million, a PE ratio of 9.51 and a beta of -0.67. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37.

Insider Buying and Selling at GCI Liberty, Inc. – Series A GCI Group

In other news, Director John Malone bought 406,730 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of $24.87 per share, with a total value of $10,115,375.10. Following the acquisition, the director owned 2,423,250 shares in the company, valued at $60,266,227.50. This trade represents a 20.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have bought 543,232 shares of company stock worth $13,582,081. 7.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised 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 analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About GCI Liberty, Inc. – Series A GCI Group

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.