Key Points
- Director John Malone bought 406,730 shares of GCI Liberty at an average price of $24.87, investing approximately $10.1 million and increasing his direct stake by 20.17% to 2.42 million shares.
- The company reported quarterly earnings of $0.40 per share, missing analysts’ $1.15 estimate by $0.75, while revenue totaled $261 million. GCI Liberty posted a negative net margin of 32.53% despite positive return on equity.
- Analyst sentiment remains cautious, with the stock carrying a consensus “Hold” rating after Zacks Research upgraded it from “Strong Sell.” Several institutional investors, including Vanguard, also recently established positions.
GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) Director John Malone purchased 66,702 shares of the company's stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $25.57 per share, for a total transaction of $1,705,570.14. Following the acquisition, the director owned 2,558,752 shares in the company, valued at approximately $65,427,288.64. The trade was a 2.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 50 day moving average price of $22.44 and a 200-day moving average price of $30.35. GCI Liberty, Inc. - Series A GCI Group has a 52 week low of $19.61 and a 52 week high of $41.87. The firm has a market capitalization of $738.45 million and a PE ratio of -2.29. 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 (NASDAQ:GLIBA - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $261.00 million for the quarter. GCI Liberty, Inc. - Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. As a group, equities research analysts expect that GCI Liberty, Inc. - Series A GCI Group will post 2.58 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded shares of 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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, GCI Liberty, Inc. - Series A GCI Group presently has an average rating of "Hold".
Get Our Latest Stock Report on GCI Liberty, Inc. - Series A GCI Group
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Quantinno Capital Management LP grew its stake in shares of GCI Liberty, Inc. - Series A GCI Group by 78.9% during the 1st 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 increased its position in shares of GCI Liberty, Inc. - Series A GCI Group by 29.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company's stock valued at $5,682,000 after purchasing an additional 35,340 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of GCI Liberty, Inc. - Series A GCI Group by 6.1% in the 1st quarter. Gabelli Funds LLC now owns 22,010 shares of the company's stock worth $811,000 after purchasing an additional 1,260 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of GCI Liberty, Inc. - Series A GCI Group by 8.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company's stock worth $508,000 after purchasing an additional 1,023 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of GCI Liberty, Inc. - Series A GCI Group in the first quarter worth approximately $147,000.
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.
Further Reading
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