GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Lowered to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) from a hold rating to a strong sell rating in a research report report published on Tuesday morning,Zacks.com reports.

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

GCI Liberty, Inc. – Series A GCI Group stock opened at $25.73 on Tuesday. 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 has a 1-year low of $19.61 and a 1-year high of $41.87. The firm has a market capitalization of $738.45 million and a P/E ratio of -2.29. The company’s 50-day moving average is $22.44 and its 200 day moving average is $30.35.

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 the consensus estimate of $1.15 by ($0.75). GCI Liberty, Inc. – Series A GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%.The business had revenue of $261.00 million for the quarter. Research analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 2.58 EPS for the current year.

Insider Buying and Selling at GCI Liberty, Inc. – Series A GCI Group

In other news, Director John C. Malone bought 66,702 shares of the stock in a transaction on Wednesday, August 12th. The stock was bought at an average cost of $25.57 per share, for a total transaction of $1,705,570.14. Following the completion of the purchase, the director directly owned 2,558,752 shares in the company, valued at approximately $65,427,288.64. The trade was a 2.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ronald A. Duncan acquired 65,000 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average cost of $21.04 per share, with a total value of $1,367,600.00. Following the transaction, the chief executive officer directly owned 42,516 shares in the company, valued at approximately $894,536.64. This represents a -289.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 609,732 shares of company stock worth $14,976,306 in the last ninety days. Insiders own 7.87% of the company’s stock.

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

Several hedge funds have recently made changes to their positions in GLIBA. US Bancorp DE acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at about $27,000. JPMorgan Chase & Co. purchased a new stake in GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at approximately $33,000. Legal & General Group Plc purchased a new stake in GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at approximately $39,000. Public Employees Retirement System of Ohio purchased a new stake in GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at approximately $39,000. Finally, Quantbot Technologies LP acquired a new position in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth approximately $43,000.

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.