GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Issues Earnings Results

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) announced its quarterly earnings data on Thursday. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter.

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

Shares of GCI Liberty, Inc. – Series A GCI Group stock traded up $0.25 on Thursday, hitting $24.42. 36,380 shares of the company were exchanged, compared to its average volume of 64,967. 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 has a 50-day moving average price of $22.15 and a 200 day moving average price of $30.71. The stock has a market capitalization of $700.85 million and a price-to-earnings ratio of -2.28. GCI Liberty, Inc. – Series A GCI Group has a 1-year low of $19.61 and a 1-year high of $41.87.

Insider Activity at GCI Liberty, Inc. – Series A GCI Group

In related news, CEO Ronald A. Duncan purchased 65,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the acquisition, the chief executive officer owned 42,516 shares in the company, valued at $894,536.64. This trade represents a -289.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 7.87% of the company’s stock.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLIBA. US Bancorp DE purchased a new stake in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at $27,000. JPMorgan Chase & Co. purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth $33,000. Legal & General Group Plc purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth $39,000. Public Employees Retirement System of Ohio acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at about $39,000. Finally, Quantbot Technologies LP acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at about $43,000.

Analyst Upgrades and Downgrades

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

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.