GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) Director John Malone Buys 68,800 Shares

Key Points

• Director John Malone purchased 68,800 GLIBA shares at an average price of $25.22, investing approximately $1.74 million and increasing his direct ownership to 2,492,050 shares.
• GLIBA shares rose 2.9% to $25.73, but the company’s latest quarterly EPS of $0.40 fell well short of the $1.15 consensus estimate; analysts expect full-year EPS of $2.58.
• Institutional ownership has increased, with firms including Vanguard, Dimensional Fund Advisors, Quantinno Capital, Gotham Asset Management, and Osaic Holdings adding or initiating positions. The stock carries a consensus “Hold” rating.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) Director John Malone purchased 68,800 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $25.22 per share, for a total transaction of $1,735,136.00. Following the acquisition, the director directly owned 2,492,050 shares in the company, valued at $62,849,501. This represents a 2.84% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

GCI Liberty, Inc. - Series A GCI Group Stock Up 2.9%

Shares of GLIBA stock traded up $0.73 on Wednesday, hitting $25.73. The company's stock had a trading volume of 32,574 shares, compared to its average volume of 64,029. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37. GCI Liberty, Inc. - Series A GCI Group has a fifty-two week low of $19.61 and a fifty-two week high of $41.87. The firm's fifty day moving average price is $22.34 and its 200-day moving average price is $30.44. The stock has a market capitalization of $738.40 million and a price-to-earnings ratio of -2.29.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.75). GCI Liberty, Inc. - Series A GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%.The business had revenue of $261.00 million for the quarter. Research analysts anticipate that GCI Liberty, Inc. - Series A GCI Group will post 2.58 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in GCI Liberty, Inc. - Series A GCI Group during the 3rd quarter worth $11,733,000. 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 worth $5,682,000 after purchasing an additional 35,340 shares during the period. 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 worth $4,737,000 after purchasing an additional 56,675 shares during the period. Gotham Asset Management LLC lifted its position in shares of GCI Liberty, Inc. - Series A GCI Group by 103.2% during the 4th quarter. Gotham Asset Management LLC now owns 116,625 shares of the company's stock worth $4,300,000 after purchasing an additional 59,235 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of GCI Liberty, Inc. - Series A GCI Group by 13.8% during the 4th quarter. Osaic Holdings Inc. now owns 115,050 shares of the company's stock worth $4,242,000 after purchasing an additional 13,930 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised GCI Liberty, Inc. - Series A GCI Group from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, GCI Liberty, Inc. - Series A GCI Group presently has a consensus rating of "Hold".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source