A number of other research firms also recently issued reports on GLIBA. B. Riley boosted their target price on shares of GCI Liberty from $89.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. ValuEngine upgraded shares of GCI Liberty from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Benchmark boosted their target price on shares of GCI Liberty from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Finally, Zacks Investment Research upgraded shares of GCI Liberty from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $80.17.
Shares of NASDAQ GLIBA opened at $55.72 on Friday. The company has a market capitalization of $5.14 billion, a P/E ratio of 3.04 and a beta of 1.23. GCI Liberty has a 52-week low of $26.51 and a 52-week high of $79.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.84 and a current ratio of 1.84. The company’s 50 day moving average price is $66.45 and its 200-day moving average price is $68.30.
GCI Liberty (NASDAQ:GLIBA) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $6.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $6.99. GCI Liberty had a net margin of 216.68% and a negative return on equity of 7.85%. The firm had revenue of $232.39 million for the quarter, compared to the consensus estimate of $233.00 million. Analysts forecast that GCI Liberty will post -1.07 earnings per share for the current year.
In other GCI Liberty news, Director Ronald A. Duncan sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $71.85, for a total transaction of $3,592,500.00. Following the transaction, the director now owns 867,218 shares in the company, valued at $62,309,613.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald A. Duncan sold 4,641 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $43.18, for a total transaction of $200,398.38. Following the transaction, the director now owns 765,325 shares in the company, valued at approximately $33,046,733.50. The disclosure for this sale can be found here. Insiders have sold a total of 133,972 shares of company stock worth $7,285,842 in the last quarter. 8.78% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLIBA. TCI Wealth Advisors Inc. raised its holdings in GCI Liberty by 90.5% during the fourth quarter. TCI Wealth Advisors Inc. now owns 360 shares of the company’s stock worth $26,000 after buying an additional 171 shares during the last quarter. Huntington National Bank acquired a new position in GCI Liberty during the fourth quarter worth $28,000. Allred Capital Management LLC acquired a new position in GCI Liberty during the fourth quarter worth $29,000. Americana Partners LLC acquired a new position in GCI Liberty during the fourth quarter worth $36,000. Finally, Vestor Capital LLC acquired a new position in GCI Liberty during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 89.03% of the company’s stock.
GCI Liberty 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. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services.
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