GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Shares Gap Up – Here’s Why

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA)’s share price gapped up prior to trading on Monday . The stock had previously closed at $26.77, but opened at $28.45. GCI Liberty, Inc. – Series A GCI Group shares last traded at $29.7890, with a volume of 13,355 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of GCI Liberty, Inc. – Series A GCI Group to a “hold” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

GCI Liberty, Inc. – Series A GCI Group Stock Up 7.6%

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 fifty day moving average is $36.66 and its 200-day moving average is $36.33. The company has a market cap of $826.56 million and a PE ratio of -2.69.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series A GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%.The company had revenue of $256.00 million during the quarter. On average, analysts predict that GCI Liberty, Inc. – Series A GCI Group will post 4.16 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GLIBA. Crossingbridge Advisors LLC bought a new position in GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at about $14,499,000. Vanguard Group Inc. purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $11,733,000. Luxor Capital Group LP purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $4,410,000. Dimensional Fund Advisors LP purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $3,567,000. Finally, Long Focus Capital Management LLC purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $2,817,000.

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.