GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone Purchases 1,000 Shares of Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone purchased 1,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the purchase, the director owned 2,559,752 shares in the company, valued at approximately $66,553,552. This represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

GCI Liberty, Inc. – Series A GCI Group Stock Down 3.5%

GLIBA opened at $26.14 on Tuesday. The company has a market capitalization of $750.22 million and a PE ratio of -2.32. The firm has a 50-day simple moving average of $22.78 and a two-hundred day simple moving average of $30.12. 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 has a 52 week low of $19.61 and a 52 week high of $41.87.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.75). The firm had revenue of $261.00 million during the quarter. GCI Liberty, Inc. – Series A GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%. Analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 2.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GLIBA. Quantinno Capital Management LP raised its position in GCI Liberty, Inc. – Series A GCI Group by 78.9% during the first quarter. Quantinno Capital Management LP now owns 128,543 shares of the company’s stock valued at $4,737,000 after purchasing an additional 56,675 shares during the period. Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 35,340 shares during the period. US Bancorp DE bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at approximately $27,000. Arrowstreet Capital Limited Partnership bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 1st quarter valued at approximately $147,000. Finally, Gabelli Funds LLC raised its holdings in 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 valued at $811,000 after buying an additional 1,260 shares during the period.

Analysts Set New Price Targets

Separately, Zacks Research downgraded GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.