GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Shares Down 7.4% – Here’s What Happened

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) shares were down 7.4% during trading on Monday . The company traded as low as $21.55 and last traded at $21.2110. Approximately 52,781 shares traded hands during trading, a decline of 16% from the average session volume of 62,539 shares. The stock had previously closed at $22.90.

Analysts Set New Price Targets

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

GCI Liberty, Inc. – Series A GCI Group Stock Down 3.7%

The stock has a market capitalization of $632.84 million and a P/E ratio of -2.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31. The firm’s 50-day simple moving average is $26.45 and its 200 day simple moving average is $33.40.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last posted its quarterly earnings results 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 positive return on equity of 12.74% and a negative net margin of 31.47%.The firm had revenue of $256.00 million for the quarter. As a group, research analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

Insider Activity

In other news, CEO Ronald A. Duncan purchased 65,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average cost of $21.04 per share, for a total transaction of $1,367,600.00. Following the acquisition, the chief executive officer directly owned 42,516 shares of the company’s stock, valued at $894,536.64. This represents a -289.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.87% of the company’s stock.

Hedge Funds Weigh In On GCI Liberty, Inc. – Series A GCI Group

Several large investors have recently modified their holdings of GLIBA. US Bancorp DE bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth approximately $27,000. JPMorgan Chase & Co. bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth approximately $33,000. Legal & General Group Plc purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth $39,000. Public Employees Retirement System of Ohio bought a new position in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth $39,000. Finally, Whittier Trust Co. boosted its position in shares of GCI Liberty, Inc. – Series A GCI Group by 147.7% in the fourth quarter. Whittier Trust Co. now owns 1,174 shares of the company’s stock worth $43,000 after purchasing an additional 700 shares during the period.

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.