GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) Director Purchases $26,000.00 in Stock

Key Points

• Director John Malone purchased 1,000 GLIBA shares at $26.00 each, investing $26,000 and increasing his direct ownership to 2,559,752 shares.
• GLIBA shares traded at $26.14, with a market capitalization of approximately $750 million; the stock remains below its 12-month high of $41.87.
• The company reported quarterly EPS of $0.40, well below the $1.15 consensus estimate, while Zacks Research downgraded the stock to “strong sell.”

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) Director John Malone acquired 1,000 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of $26.00 per share, with a total value of $26,000.00. Following the completion of the acquisition, the director directly owned 2,559,752 shares of the company's stock, valued at approximately $66,553,552. This represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

Shares of GLIBA stock traded down $0.94 during mid-day trading on Monday, hitting $26.14. 39,034 shares of the stock traded hands, compared to its average volume of 63,595. GCI Liberty, Inc. - Series A GCI Group has a twelve month low of $19.61 and a twelve month high of $41.87. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37. The company's 50-day simple moving average is $22.68 and its 200-day simple moving average is $30.20. The firm has a market cap of $750.22 million and a price-to-earnings ratio of -2.32.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) last announced 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 firm had revenue of $261.00 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%. 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.

Hedge Funds Weigh In On GCI Liberty, Inc. - Series A GCI Group

A number of hedge funds have recently modified their holdings of GLIBA. First Trust Advisors LP boosted its position in shares of GCI Liberty, Inc. - Series A GCI Group by 3.2% in the 4th quarter. First Trust Advisors LP now owns 10,588 shares of the company's stock valued at $390,000 after purchasing an additional 333 shares during the period. Whittier Trust Co. raised its holdings in GCI Liberty, Inc. - Series A GCI Group by 147.7% during the 4th quarter. Whittier Trust Co. now owns 1,174 shares of the company's stock worth $43,000 after buying an additional 700 shares during the period. US Bancorp DE purchased a new stake in GCI Liberty, Inc. - Series A GCI Group during the third quarter valued at about $27,000. JPMorgan Chase & Co. purchased a new stake in GCI Liberty, Inc. - Series A GCI Group during the third quarter valued at about $33,000. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 8.0% in the first quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company's stock worth $508,000 after buying an additional 1,023 shares during the period.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of GCI Liberty, Inc. - Series A GCI Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of "Sell".

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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