GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Stock Price Down 1% – Here’s Why

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA)’s share price traded down 1% during trading on Friday . The company traded as low as $23.67 and last traded at $24.12. 149,845 shares changed hands during mid-day trading, an increase of 403% from the average session volume of 29,768 shares. The stock had previously closed at $24.36.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, GCI Liberty, Inc. – Series A GCI Group presently has an average rating of “Sell”.

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

The stock’s 50-day moving average price is $24.92 and its 200 day moving average price is $28.08. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37. The firm has a market cap of $692.24 million, a P/E ratio of -2.14 and a beta of -0.87.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last released its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.75). GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. The business had revenue of $261.00 million during the quarter. As a group, equities analysts predict that GCI Liberty, Inc. – Series A GCI Group will post 2.58 EPS for the current year.

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

In other GCI Liberty, Inc. – Series A GCI Group news, Director John Malone acquired 406,730 shares of GCI Liberty, Inc. – Series A GCI Group stock in a transaction dated Monday, August 10th. The stock was bought at an average cost of $24.87 per share, for a total transaction of $10,115,375.10. Following the purchase, the director directly owned 2,423,250 shares in the company, valued at approximately $60,266,227.50. This represents a 20.17% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders have bought 543,232 shares of company stock worth $13,582,081. Corporate insiders own 7.87% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL raised its stake in GCI Liberty, Inc. – Series A GCI Group by 8.0% in the first quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company’s stock valued at $508,000 after buying an additional 1,023 shares during the period. Gabelli Funds LLC lifted its position in shares of GCI Liberty, Inc. – Series A GCI Group by 6.1% in the first quarter. Gabelli Funds LLC now owns 22,010 shares of the company’s stock valued at $811,000 after buying an additional 1,260 shares during the last quarter. Deltroit Asset Management UK LLP bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 4th quarter worth approximately $90,000. Arrowstreet Capital Limited Partnership bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 1st quarter worth approximately $147,000. Finally, R Squared Ltd acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 1st quarter worth approximately $240,000.

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

GCI Liberty, Inc was a holding company created in 2018 through the combination of Liberty Interactive’s former holdings and GCI Holdings. Its principal operating business was GCI Holdings, an Alaska-based telecommunications company that provided data, wireless, video and voice services to residential, business, government and institutional customers.

Through GCI, the company operated communications networks serving communities throughout Alaska, including areas where geography and limited infrastructure made telecommunications services more challenging to deliver.