GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone Purchases 68,800 Shares of Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone acquired 68,800 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $25.22 per share, for a total transaction of $1,735,136.00. Following the purchase, the director owned 2,492,050 shares of the company’s stock, valued at $62,849,501. The trade was a 2.84% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

GLIBA stock traded up $0.73 on Wednesday, reaching $25.73. 32,574 shares of the company were exchanged, compared to its average volume of 64,029. The firm has a market capitalization of $738.40 million and a PE ratio of -2.29. GCI Liberty, Inc. – Series A GCI Group has a 12 month low of $19.61 and a 12 month high of $41.87. The stock’s fifty day moving average price is $22.34 and its 200 day moving average price is $30.44. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its quarterly 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). The company had revenue of $261.00 million during the quarter. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. On average, research analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 2.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GLIBA. US Bancorp DE acquired a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter worth $27,000. JPMorgan Chase & Co. acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at $33,000. Legal & General Group Plc acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at $39,000. Public Employees Retirement System of Ohio bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth about $39,000. Finally, Whittier Trust Co. lifted its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 147.7% during the 4th quarter. Whittier Trust Co. now owns 1,174 shares of the company’s stock worth $43,000 after acquiring an additional 700 shares during the period.

Analysts Set New Price Targets

Separately, Zacks Research upgraded GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company 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.