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

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone purchased 68,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $25.22 per share, for a total transaction of $1,735,136.00. Following the acquisition, the director owned 2,492,050 shares in the company, valued at approximately $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 the SEC website.

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

NASDAQ:GLIBA opened at $25.73 on Thursday. The firm has a market capitalization of $738.45 million and a P/E ratio of -2.29. The business has a 50 day simple moving average of $22.44 and a 200 day simple moving average of $30.35. 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 12-month low of $19.61 and a 12-month high of $41.87.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. US Bancorp DE bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter worth approximately $27,000. JPMorgan Chase & Co. bought a new position in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at $33,000. Legal & General Group Plc bought a new position in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at $39,000. Public Employees Retirement System of Ohio bought a new position in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at $39,000. Finally, Whittier Trust Co. increased its position 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 valued at $43,000 after purchasing an additional 700 shares during the period.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.