Insider Buying: GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director Acquires $10,115,375.10 in Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone purchased 406,730 shares of the firm’s stock in a transaction on 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 completion of the purchase, the director directly owned 2,423,250 shares of the company’s stock, valued at approximately $60,266,227.50. This represents a 20.17% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

GCI Liberty, Inc. – Series A GCI Group Trading Up 2.9%

Shares of GLIBA traded up $0.73 during mid-day trading on Wednesday, reaching $25.73. The company’s stock had a trading volume of 32,574 shares, compared to its average volume of 64,029. 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 $738.40 million and a PE ratio of -2.29. The company’s fifty day moving average price is $22.34 and its two-hundred day moving average price is $30.44. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73.

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

Analyst Ratings Changes

Separately, Zacks Research raised GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, GCI Liberty, Inc. – Series A GCI Group has an average rating of “Hold”.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in GLIBA. Quantinno Capital Management LP lifted its position 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 purchasing an additional 56,675 shares during the period. Gabelli Funds LLC boosted its position 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 acquiring an additional 1,260 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings 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 worth $508,000 after acquiring an additional 1,023 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 1st quarter worth approximately $147,000. Finally, Dimensional Fund Advisors LP raised its position 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 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.