GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Shares Gap Down – Here’s Why

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $22.44, but opened at $21.50. GCI Liberty, Inc. – Series A GCI Group shares last traded at $21.4410, with a volume of 1,035 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, GCI Liberty, Inc. – Series A GCI Group presently has a consensus rating of “Sell”.

GCI Liberty, Inc. – Series A GCI Group Trading Down 3.1%

The firm has a fifty day moving average of $28.62 and a two-hundred day moving average of $33.93. The company has a market cap of $584.87 million and a PE ratio of -1.90. 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 issued 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). GCI Liberty, Inc. – Series A GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%.The company had revenue of $256.00 million during the quarter. As a group, sell-side analysts predict that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

Insider Buying and Selling

In related news, CEO Ronald A. Duncan bought 65,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the purchase, the chief executive officer directly owned 42,516 shares in the company, valued at $894,536.64. This trade represents a -289.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.87% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its stake in GCI Liberty, Inc. – Series A GCI Group by 3.2% in the 4th quarter. First Trust Advisors LP now owns 10,588 shares of the company’s stock worth $390,000 after purchasing an additional 333 shares during the period. Whittier Trust Co. boosted 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 acquiring an additional 700 shares during the last quarter. US Bancorp DE bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at about $27,000. JPMorgan Chase & Co. bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at about $33,000. Finally, Gamco Investors INC. ET AL boosted 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 during the last quarter.

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.