GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) CEO Buys $1,367,600.00 in Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) CEO Ronald Duncan bought 65,000 shares of GCI Liberty, Inc. – Series A GCI Group stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the purchase, 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 acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

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

Shares of GLIBA traded up $0.24 during trading hours on Thursday, hitting $20.74. The company’s stock had a trading volume of 133,664 shares, compared to its average volume of 48,157. The company has a market cap of $595.24 million and a price-to-earnings ratio of -1.94. 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 business has a 50 day simple moving average of $31.71 and a two-hundred day simple moving average of $34.87. GCI Liberty, Inc. – Series A GCI Group has a 52-week low of $20.25 and a 52-week high of $41.87.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last posted its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share 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 positive return on equity of 12.74% and a negative net margin of 31.47%. On average, equities analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 3.36 earnings per share for the current fiscal year.

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

Hedge funds have recently bought and sold shares of the company. US Bancorp DE bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $27,000. AlphaQuest LLC bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $31,000. JPMorgan Chase & Co. bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $33,000. Legal & General Group Plc bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $39,000. Finally, Public Employees Retirement System of Ohio bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $39,000.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.