GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Upgraded at Zacks Research

Zacks Research upgraded shares of GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) from a strong sell rating to a hold rating in a research note published on Monday,Zacks reports.

GCI Liberty, Inc. – Series A GCI Group Trading Down 0.5%

Shares of GLIBA opened at $23.54 on Monday. GCI Liberty, Inc. – Series A GCI Group has a 52-week low of $19.61 and a 52-week high of $41.87. The stock has a market cap of $675.60 million, a PE ratio of -2.09 and a beta of -0.70. The firm’s fifty day moving average is $25.18 and its two-hundred day moving average is $26.72. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.73.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its earnings results on Thursday, August 6th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates 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%. Research analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at GCI Liberty, Inc. – Series A GCI Group

In related news, Director John Malone bought 406,730 shares of the stock in a transaction dated Monday, August 10th. The shares were acquired at an average cost of $24.87 per share, for a total transaction of $10,115,375.10. Following the acquisition, the director directly owned 2,423,250 shares in the company, valued at approximately $60,266,227.50. This trade represents a 20.17% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders purchased 543,232 shares of company stock worth $13,582,081. Insiders own 7.87% of the company’s stock.

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

Several hedge funds and other institutional investors have recently made changes to their positions in GLIBA. State Street Corp boosted its stake in GCI Liberty, Inc. – Series A GCI Group by 159.2% during the second quarter. State Street Corp now owns 175,280 shares of the company’s stock worth $3,839,000 after buying an additional 107,649 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 29.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company’s stock worth $5,682,000 after acquiring an additional 35,340 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 78.9% in the 1st quarter. Quantinno Capital Management LP now owns 128,543 shares of the company’s stock worth $4,737,000 after acquiring an additional 56,675 shares during the last quarter. Virtu Financial LLC raised its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 324.9% during the 4th quarter. Virtu Financial LLC now owns 30,645 shares of the company’s stock worth $1,130,000 after acquiring an additional 23,432 shares during the period. Finally, Gabelli Funds LLC raised its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 6.1% during the 1st quarter. Gabelli Funds LLC now owns 22,010 shares of the company’s stock worth $811,000 after acquiring an additional 1,260 shares during the period.

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

GCI Liberty, Inc was a holding company whose Series A GCI Group tracking stock represented an interest in GCI Holdings, LLC, an Alaska-based telecommunications and media company. GCI Liberty was formed in 2018 through the separation of GCI Holdings from Liberty Interactive Corporation.

Through GCI Holdings, the company provided wireless communications, broadband internet, video, voice, data networking, and managed services. GCI served residential, business, government, and wholesale customers across Alaska, including communities where telecommunications infrastructure can be difficult to develop.