GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Shares Gap Down – Should You Sell?

Shares of GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) gapped down prior to trading on Tuesday . The stock had previously closed at $22.44, but opened at $21.50. GCI Liberty, Inc. – Series A GCI Group shares last traded at $21.4410, with a volume of 1,035 shares traded.

Analysts Set New Price Targets

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

GCI Liberty, Inc. – Series A GCI Group Trading Down 0.5%

The company has a market cap of $612.00 million and a PE ratio of -1.99. The stock’s 50 day moving average is $29.25 and its 200-day moving average is $34.14. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). The business had revenue of $256.00 million for 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, sell-side analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

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

In other GCI Liberty, Inc. – Series A GCI Group news, CEO Ronald A. Duncan purchased 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the purchase, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.87% of the stock is currently owned by insiders.

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

A number of hedge funds have recently bought and sold shares of the business. Crossingbridge Advisors LLC purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at $14,499,000. Vanguard Group Inc. purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at $11,733,000. Dimensional Fund Advisors LP raised its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 29.7% in the first quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company’s stock valued at $5,682,000 after acquiring an additional 35,340 shares during the period. Quantinno Capital Management LP raised its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 78.9% in the first quarter. Quantinno Capital Management LP now owns 128,543 shares of the company’s stock valued at $4,737,000 after acquiring an additional 56,675 shares during the period. Finally, Luxor Capital Group LP purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at $4,410,000.

GCI Liberty, Inc. – Series A GCI Group 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 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.