GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Releases Quarterly Earnings Results, Misses Expectations By $0.76 EPS

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) announced its quarterly earnings results on Thursday. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.76), Zacks reports. GCI Liberty, Inc. – Series A GCI Group had a positive return on equity of 13.16% and a negative net margin of 31.47%.The business had revenue of $256.00 million during the quarter.

GCI Liberty, Inc. – Series A GCI Group Stock Down 1.4%

Shares of GLIBA traded down $0.39 during mid-day trading on Friday, hitting $26.77. The company’s stock had a trading volume of 98,446 shares, compared to its average volume of 45,479. The company’s 50-day moving average is $36.66 and its 200-day moving average is $36.33. GCI Liberty, Inc. – Series A GCI Group has a 52-week low of $25.92 and a 52-week high of $41.87. The firm has a market capitalization of $768.25 million and a price-to-earnings ratio of -2.50. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.62.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of GCI Liberty, Inc. – Series A GCI Group to a “hold” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alberta Investment Management Corp lifted its position in GCI Liberty, Inc. – Series A GCI Group by 19.6% during the fourth quarter. Alberta Investment Management Corp now owns 30,026 shares of the company’s stock valued at $1,107,000 after acquiring an additional 4,913 shares during the last quarter. VARCOV Co. purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the fourth quarter valued at approximately $300,000. Millennium Management LLC purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the fourth quarter valued at approximately $706,000. Gotham Asset Management LLC lifted its position in GCI Liberty, Inc. – Series A GCI Group by 103.2% during the fourth quarter. Gotham Asset Management LLC now owns 116,625 shares of the company’s stock valued at $4,300,000 after acquiring an additional 59,235 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the fourth quarter valued at approximately $219,000.

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.