GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) Director Purchases $10,115,375.10 in Stock

Key Points

• Director John Malone purchased 406,730 GLIBA shares at an average price of $24.87, investing approximately $10.1 million and increasing his direct ownership by 20.17% to 2.42 million shares.
• GCI Liberty reported quarterly EPS of $0.40, missing the $1.15 consensus estimate by $0.75, while revenue totaled $261 million and the company posted a negative net margin of 32.53%.
• The stock recently traded at $25.73, well below its 52-week high of $41.87. Analyst coverage remains cautious, with Zacks upgrading the shares to “hold” and the overall consensus rating at “Hold.”

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) Director John Malone purchased 406,730 shares of the company's stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $24.87 per share, for a total transaction of $10,115,375.10. Following the completion of the purchase, the director directly owned 2,423,250 shares in the company, valued at $60,266,227.50. This represents a 20.17% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

Shares of GCI Liberty, Inc. - Series A GCI Group stock traded up $0.73 during trading hours on Wednesday, reaching $25.73. The company had a trading volume of 32,574 shares, compared to its average volume of 64,029. The firm has a market cap of $738.40 million and a PE ratio of -2.29. GCI Liberty, Inc. - Series A GCI Group has a one year low of $19.61 and a one year high of $41.87. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37. The business has a fifty day simple moving average of $22.34 and a 200 day simple moving average of $30.44.

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 earnings per share for the quarter, missing analysts' consensus estimates of $1.15 by ($0.75). GCI Liberty, Inc. - Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. The company had revenue of $261.00 million for the quarter. On average, analysts anticipate that GCI Liberty, Inc. - Series A GCI Group will post 2.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. US Bancorp DE bought a new stake in shares of GCI Liberty, Inc. - Series A GCI Group during the 3rd quarter worth $27,000. JPMorgan Chase & Co. bought a new position in GCI Liberty, Inc. - Series A GCI Group in the third quarter valued at $33,000. Legal & General Group Plc bought a new position in GCI Liberty, Inc. - Series A GCI Group in the third quarter valued at $39,000. Public Employees Retirement System of Ohio purchased a new stake in GCI Liberty, Inc. - Series A GCI Group during the third quarter valued at about $39,000. Finally, Whittier Trust Co. lifted its stake in GCI Liberty, Inc. - Series A GCI Group by 147.7% during the fourth quarter. Whittier Trust Co. now owns 1,174 shares of the company's stock worth $43,000 after purchasing an additional 700 shares during the last quarter.

Wall Street Analysts Forecast Growth

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, 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.

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