GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Trading Up 7.9% – Still a Buy?

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) shares were up 7.9% on Tuesday . The company traded as high as $28.76 and last traded at $28.8860. Approximately 899 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 40,371 shares. The stock had previously closed at $26.77.

Analysts Set New Price Targets

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

GCI Liberty, Inc. – Series A GCI Group Trading Down 0.1%

The business’s 50-day moving average price is $36.20 and its 200-day moving average price is $36.21. The firm has a market capitalization of $823.14 million and a PE ratio of -2.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31.

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

Institutional Investors Weigh In On GCI Liberty, Inc. – Series A GCI Group

Large investors have recently modified their holdings of the stock. US Bancorp DE acquired a new position in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at $27,000. AlphaQuest LLC purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at about $31,000. JPMorgan Chase & Co. acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $33,000. Legal & General Group Plc acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $39,000. Finally, Public Employees Retirement System of Ohio purchased a new position in GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $39,000.

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.