GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone Buys 406,730 Shares

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone purchased 406,730 shares of the stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $24.87 per share, with a total value of $10,115,375.10. Following the completion of the acquisition, the director directly owned 2,423,250 shares of the company’s stock, valued at approximately $60,266,227.50. This represents a 20.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

GCI Liberty, Inc. – Series A GCI Group Trading Up 2.9%

NASDAQ:GLIBA opened at $25.73 on Thursday. GCI Liberty, Inc. – Series A GCI Group has a fifty-two week low of $19.61 and a fifty-two week high of $41.87. 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 stock has a market capitalization of $738.45 million and a PE ratio of -2.29. The business’s 50-day simple moving average is $22.44 and its 200-day simple moving average is $30.35.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.75). The business 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%. Sell-side analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 2.58 earnings per share for the current fiscal year.

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 report on Monday, July 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, GCI Liberty, Inc. – Series A GCI Group has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth about $122,000. JPMorgan Chase & Co. acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth about $33,000. Vanguard Group Inc. bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at about $11,733,000. US Bancorp DE bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at about $27,000. Finally, Quantbot Technologies LP acquired a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at about $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.