GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Releases Earnings Results, Misses Expectations By $0.75 EPS

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) announced its earnings results on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.75), Zacks reports. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. The firm had revenue of $261.00 million for the quarter.

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

Shares of GCI Liberty, Inc. – Series A GCI Group stock traded down $0.36 on Friday, reaching $24.05. 10,961 shares of the company traded hands, compared to its average volume of 64,411. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The firm has a market capitalization of $690.38 million and a PE ratio of -2.25. The company has a 50 day moving average of $22.15 and a 200 day moving average of $30.71. GCI Liberty, Inc. – Series A GCI Group has a 52 week low of $19.61 and a 52 week high of $41.87.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, GCI Liberty, Inc. – Series A GCI Group presently has an average rating of “Hold”.

Insider Activity

In other news, CEO Ronald A. Duncan purchased 65,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the transaction, the chief executive officer directly owned 42,516 shares of the company’s stock, valued at approximately $894,536.64. This represents a -289.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.87% of the stock is currently owned by insiders.

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

Large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its holdings in GCI Liberty, Inc. – Series A GCI Group by 3.2% in the fourth quarter. First Trust Advisors LP now owns 10,588 shares of the company’s stock worth $390,000 after purchasing an additional 333 shares during the last quarter. US Bancorp DE purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at about $27,000. JPMorgan Chase & Co. bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth approximately $33,000. Legal & General Group Plc purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at $39,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at $39,000.

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

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.