GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) to Issue Dividend of $0.38

Key Points

• Dividend declared: GCI Liberty will pay $0.375 per share on December 15 to shareholders of record November 30; the ex-dividend date is also November 30.
• Quarterly earnings fell short of forecasts: The company reported earnings of $0.68 per share, below the $0.86 consensus estimate, on revenue of $267 million.
• Director John Malone bought 1,000 shares at an average price of $26 each, increasing his stake by 0.04%.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) declared a dividend on Tuesday, November 10th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.3750 per share on Tuesday, December 15th. The ex-dividend date is Monday, November 30th.

GCI Liberty, Inc. - Series A GCI Group Price Performance

NASDAQ GLIBA traded up $0.14 during trading on Tuesday, hitting $27.43. 25,673 shares of the company's stock were exchanged, compared to its average volume of 57,629. The company has a market cap of $787.24 million, a PE ratio of 9.90 and a beta of -0.67. 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 has a fifty-two week low of $19.30 and a fifty-two week high of $41.87. The stock's 50 day moving average price is $23.40 and its two-hundred day moving average price is $28.47.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.18). The company had revenue of $267.00 million during 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%. Research analysts expect that GCI Liberty, Inc. - Series A GCI Group will post 2.36 EPS for the current year.

Insiders Place Their Bets

In other GCI Liberty, Inc. - Series A GCI Group news, Director John Malone purchased 1,000 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the transaction, the director owned 2,559,752 shares in the company, valued at $66,553,552. The trade was a 0.04% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.87% of the stock is owned by insiders.

Institutional Trading of GCI Liberty, Inc. - Series A GCI Group

Several institutional investors have recently modified their holdings of GLIBA. State Street Corp grew its position in shares of GCI Liberty, Inc. - Series A GCI Group by 159.2% in the 2nd quarter. State Street Corp now owns 175,280 shares of the company's stock valued at $3,839,000 after buying an additional 107,649 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of GCI Liberty, Inc. - Series A GCI Group by 78.9% in the first quarter. Quantinno Capital Management LP now owns 128,543 shares of the company's stock valued at $4,737,000 after buying an additional 56,675 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of GCI Liberty, Inc. - Series A GCI Group by 29.7% in the first quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company's stock valued at $5,682,000 after buying an additional 35,340 shares during the period. WINTON GROUP Ltd bought a new position in shares of GCI Liberty, Inc. - Series A GCI Group during the second quarter worth about $210,000. Finally, Alberta Investment Management Corp bought a new position in shares of GCI Liberty, Inc. - Series A GCI Group during the third quarter worth about $552,000.

About GCI Liberty, Inc. - Series A GCI Group

GCI Liberty, Inc. was a holding company associated primarily with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered broadband internet, wireless communications, video, voice, and data services to residential, business, government, and educational customers. GCI served communities throughout Alaska, including areas where geography and limited infrastructure made telecommunications deployment challenging. Its services included high-speed internet, mobile and fixed wireless connectivity, cable television, local and long-distance voice services, enterprise networking, data transport, and communications solutions for public-sector and commercial customers.

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