GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone Acquires 66,702 Shares

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Director John Malone acquired 66,702 shares of the stock in a transaction on Wednesday, August 12th. The shares were purchased at an average cost of $25.57 per share, with a total value of $1,705,570.14. Following the transaction, the director directly owned 2,558,752 shares of the company’s stock, valued at approximately $65,427,288.64. This trade represents a 2.68% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

Shares of GLIBA stock opened at $25.73 on Thursday. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73. The company’s fifty day moving average price is $22.44 and its 200-day moving average price is $30.35. The stock has a market cap of $738.45 million and a PE ratio of -2.29. GCI Liberty, Inc. – Series A GCI Group has a 12 month low of $19.61 and a 12 month high of $41.87.

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

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GLIBA. First Trust Advisors LP raised its holdings 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 acquiring an additional 333 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 147.7% in the 4th quarter. Whittier Trust Co. now owns 1,174 shares of the company’s stock worth $43,000 after purchasing an additional 700 shares in the last quarter. US Bancorp DE bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth $27,000. JPMorgan Chase & Co. purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth $33,000. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 8.0% during the first quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company’s stock valued at $508,000 after purchasing an additional 1,023 shares in 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.