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

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

GCI Liberty, Inc. – Series A GCI Group Price Performance

Shares of NASDAQ GLIBA opened at $21.75 on Monday. The stock’s 50-day moving average is $23.19 and its two-hundred day moving average is $32.41. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. GCI Liberty, Inc. – Series A GCI Group has a 1-year low of $19.61 and a 1-year high of $41.87. The company has a market cap of $624.23 million and a price-to-earnings ratio of -2.03.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. The company had revenue of $256.00 million during the quarter. Analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ronald A. Duncan acquired 65,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were bought at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the acquisition, the chief executive officer 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.87% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at $11,733,000. Dimensional Fund Advisors LP raised its stake in GCI Liberty, Inc. – Series A GCI Group by 29.7% during 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 in the last quarter. Quantinno Capital Management LP lifted its position in GCI Liberty, Inc. – Series A GCI Group by 78.9% in the first quarter. Quantinno Capital Management LP now owns 128,543 shares of the company’s stock valued at $4,737,000 after acquiring an additional 56,675 shares during the last quarter. Gotham Asset Management LLC lifted its position in GCI Liberty, Inc. – Series A GCI Group by 103.2% in the fourth quarter. Gotham Asset Management LLC now owns 116,625 shares of the company’s stock valued at $4,300,000 after acquiring an additional 59,235 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in GCI Liberty, Inc. – Series A GCI Group by 13.8% in the fourth quarter. Osaic Holdings Inc. now owns 115,050 shares of the company’s stock valued at $4,242,000 after acquiring an additional 13,930 shares in the last quarter.

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.