GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Releases Earnings Results, Misses Expectations By $0.18 EPS

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) announced its quarterly earnings data on Thursday. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.18), Zacks reports. The business had revenue of $267.00 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%.

GCI Liberty, Inc. – Series A GCI Group Trading Up 1.5%

GLIBA traded up $0.36 during mid-day trading on Friday, hitting $25.07. The stock had a trading volume of 24,890 shares, compared to its average volume of 57,790. The stock’s fifty day simple moving average is $23.39 and its 200-day simple moving average is $28.58. 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 firm has a market capitalization of $719.60 million, a price-to-earnings ratio of -2.23 and a beta of -0.67. GCI Liberty, Inc. – Series A GCI Group has a 1-year low of $19.30 and a 1-year high of $41.87.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, GCI Liberty, Inc. – Series A GCI Group has an average rating of “Hold”.

Insider Activity

In other news, Director John Malone purchased 406,730 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $24.87 per share, with a total value of $10,115,375.10. Following 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 SEC, which is available at this hyperlink. Over the last three months, insiders have acquired 543,232 shares of company stock valued at $13,582,081. 7.87% of the stock is owned by insiders.

About GCI Liberty, Inc. – Series A GCI Group

GCI Liberty, Inc was a holding company associated primarily with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered broadband internet, wireless communications, video, voice, and data services to residential, business, government, and educational customers.

GCI served communities throughout Alaska, including areas where geography and limited infrastructure made telecommunications deployment challenging. Its services included high-speed internet, mobile and fixed wireless connectivity, cable television, local and long-distance voice services, enterprise networking, data transport, and communications solutions for public-sector and commercial customers.

GCI Liberty was created in 2018 in connection with the combination of Liberty Interactive and GCI Holdings.