GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Announces Earnings Results

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) posted its earnings results on Thursday. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.18), Zacks reports. GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%.

GCI Liberty, Inc. – Series C GCI Group Stock Up 6.5%

GCI Liberty, Inc. – Series C GCI Group stock traded up $1.51 during mid-day trading on Thursday, hitting $24.78. The company’s stock had a trading volume of 437,232 shares, compared to its average volume of 463,712. The firm’s 50 day moving average is $23.36 and its 200 day moving average is $28.40. 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 company has a market cap of $888.36 million, a PE ratio of 3.40 and a beta of -0.86. GCI Liberty, Inc. – Series C GCI Group has a 52-week low of $19.30 and a 52-week high of $41.17.

Insider Activity

In other news, Director John C. Malone acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the director owned 2,559,752 shares in the company, valued at approximately $66,553,552. The trade was a 0.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 543,232 shares of company stock worth $13,582,081.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Saturday, October 17th. Weiss Ratings restated a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a research report on Tuesday, August 18th. Finally, Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, GCI Liberty, Inc. – Series C GCI Group currently has a consensus rating of “Reduce”.

GCI Liberty, Inc. – Series C GCI Group Company Profile

GCI Liberty, Inc was a holding company whose principal operating business was GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI, the company offered wireless and wireline communications, broadband internet, data networking, video and voice services to residential, business, government and institutional customers.

GCI operated across Alaska, serving communities throughout the state, including locations that can be difficult to reach through traditional terrestrial communications infrastructure.