Short Interest in GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Expands By 87.2%

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 563,201 shares, an increase of 87.2% from the June 15th total of 300,857 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 226,820 shares, the days-to-cover ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, GCI Liberty, Inc. – Series A GCI Group presently has an average rating of “Hold”.

Insider Buying and Selling

In other GCI Liberty, Inc. – Series A GCI Group news, CEO Ronald A. Duncan bought 65,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the purchase, the chief executive officer owned 42,516 shares in the company, valued at approximately $894,536.64. The trade was a -289.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.87% of the company’s stock.

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

Institutional investors have recently modified their holdings of the stock. First Trust Advisors LP increased its holdings in GCI Liberty, Inc. – Series A GCI Group by 3.2% in the fourth quarter. First Trust Advisors LP now owns 10,588 shares of the company’s stock valued at $390,000 after buying an additional 333 shares during the last quarter. Whittier Trust Co. grew its position in shares of GCI Liberty, Inc. – Series A GCI Group by 147.7% in the 4th quarter. Whittier Trust Co. now owns 1,174 shares of the company’s stock worth $43,000 after acquiring an additional 700 shares in the last quarter. US Bancorp DE acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth approximately $27,000. JPMorgan Chase & Co. bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at approximately $33,000. Finally, Gamco Investors INC. ET AL raised its position in shares of GCI Liberty, Inc. – Series A GCI Group by 8.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company’s stock valued at $508,000 after acquiring an additional 1,023 shares in the last quarter.

GCI Liberty, Inc. – Series A GCI Group Stock Up 2.8%

GLIBA stock traded up $0.61 during midday trading on Thursday, hitting $22.58. 63,219 shares of the company’s stock were exchanged, compared to its average volume of 65,684. The firm has a 50 day moving average price of $22.87 and a 200-day moving average price of $32.20. GCI Liberty, Inc. – Series A GCI Group has a 12-month low of $19.61 and a 12-month high of $41.87. The stock has a market capitalization of $648.00 million and a price-to-earnings ratio of -2.11. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last released its earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.76). The business had revenue of $256.00 million for the quarter. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. On average, analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

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.