GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK) Releases Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Key Points

• Quarterly EPS was $0.68, missing analyst expectations of $0.86 by $0.18; the company also reported a negative net margin of 32.53%.
• Shares rose $1.51 to $24.78 on Thursday. Analysts’ consensus rating is “Reduce,” with one Hold and one Sell rating reported.
• Insiders bought 543,232 shares worth about $13.6 million over the prior three months.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.18), Zacks reports. GCI Liberty, Inc. - Series C GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%.

GCI Liberty, Inc. - Series C GCI Group Stock Performance

NASDAQ GLIBK traded up $1.51 on Thursday, reaching $24.78. The stock had a trading volume of 437,232 shares, compared to its average volume of 463,712. The stock has a market cap of $888.36 million, a P/E ratio of 3.40 and a beta of -0.86. The business's 50-day moving average price is $23.36 and its 200 day moving average price is $28.40. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37. GCI Liberty, Inc. - Series C GCI Group has a 12-month low of $19.30 and a 12-month high of $41.17.

Analysts Set New Price Targets

Several brokerages have issued reports on GLIBK. Wall Street Zen upgraded GCI Liberty, Inc. - Series C GCI Group to a "hold" rating in a report on Saturday, October 17th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of GCI Liberty, Inc. - Series C GCI Group in a research note on Tuesday, August 18th. Finally, Zacks Research raised shares of GCI Liberty, Inc. - Series C GCI Group from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce".

Insider Buying and Selling

In related news, Director John C. Malone bought 1,000 shares of the stock in a transaction on Thursday, August 13th. The shares were bought at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the transaction, the director owned 2,559,752 shares of the company's stock, valued at $66,553,552. This represents a 0.04% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 543,232 shares of company stock valued at $13,582,081 over the last three months.

GCI Liberty, Inc. - Series C GCI Group Company Profile

GCI Liberty, Inc was a holding company whose principal operating business was GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI, the company offered wireless and wireline communications, broadband internet, data networking, video and voice services to residential, business, government and institutional customers.

GCI operated across Alaska, serving communities throughout the state, including locations that can be difficult to reach through traditional terrestrial communications infrastructure.

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