Key Points
- CEO Ronald Duncan bought 65,000 shares of GCI Liberty at an average price of $21.04, a transaction worth about $1.37 million, according to an SEC filing.
- The stock was up 1.2% in Friday trading, opening at $20.74, but it remains well below its 50-day and 200-day moving averages.
- GCI Liberty recently missed earnings expectations, reporting $0.45 EPS versus the $1.21 consensus estimate, while analysts currently maintain a Sell consensus rating.
GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) CEO Ronald Duncan acquired 65,000 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the acquisition, the chief executive officer owned 42,516 shares of the company's stock, valued at approximately $894,536.64. This trade represents a -289.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
GCI Liberty, Inc. - Series A GCI Group Stock Up 1.2%
NASDAQ GLIBA opened at $20.74 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The stock has a market capitalization of $595.24 million and a PE ratio of -1.94. GCI Liberty, Inc. - Series A GCI Group has a 1 year low of $20.25 and a 1 year high of $41.87. The business's 50-day moving average is $31.39 and its 200 day moving average is $34.78.
GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) last posted its 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). The business had revenue of $256.00 million during the quarter. GCI Liberty, Inc. - Series A GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. Sell-side analysts forecast that GCI Liberty, Inc. - Series A GCI Group will post 3.36 earnings per share for the current year.
Institutional Trading of GCI Liberty, Inc. - Series A GCI Group
Several large investors have recently bought and sold shares of GLIBA. Crossingbridge Advisors LLC bought a new stake in GCI Liberty, Inc. - Series A GCI Group during the 3rd quarter valued at approximately $14,499,000. Vanguard Group Inc. bought a new stake in GCI Liberty, Inc. - Series A GCI Group during the 3rd quarter valued at approximately $11,733,000. Luxor Capital Group LP bought a new stake in GCI Liberty, Inc. - Series A GCI Group during the 3rd quarter valued at approximately $4,410,000. Dimensional Fund Advisors LP purchased a new position in shares of GCI Liberty, Inc. - Series A GCI Group during the third quarter valued at approximately $3,567,000. Finally, Long Focus Capital Management LLC purchased a new position in shares of GCI Liberty, Inc. - Series A GCI Group during the third quarter valued at approximately $2,817,000.
Wall Street Analyst Weigh In
Separately, Zacks Research cut 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 MarketBeat, the company presently has a consensus rating of "Sell".
Read Our Latest Analysis on GCI Liberty, Inc. - Series A GCI Group
About GCI Liberty, Inc. - Series A GCI Group
(
Get Free Report)
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.
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