GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) Shares Gap Up - Here's What Happened

Key Points

• Shares gapped up premarket Monday, opening at $40.50 versus the prior close of $36.52, but the move largely faded with the stock last trading around $36.54 on only 203 shares changing hands.
• Q4 earnings beat: GCI Liberty reported $1.24 EPS versus $1.00 expected while revenue missed slightly at $262 million versus $264 million, and sell-side analysts forecast about $5.53 EPS for the fiscal year.
• Valuation and investor activity: The company has a market cap of ~$1.05 billion and a P/E of 5.28; Zacks upgraded the stock to a "Hold" and several institutional investors (Virtu, RBC, Gabelli) increased or initiated positions recently.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $36.52, but opened at $40.50. GCI Liberty, Inc. - Series A GCI Group shares last traded at $36.5350, with a volume of 203 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded GCI Liberty, Inc. - Series A GCI Group to a "hold" rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

GCI Liberty, Inc. - Series A GCI Group Trading Up 0.2%

The stock has a market cap of $1.05 billion and a PE ratio of 5.28. The stock has a 50-day moving average price of $37.78 and a two-hundred day moving average price of $36.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.14 and a quick ratio of 3.14.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.24. The firm had revenue of $262.00 million for the quarter, compared to analysts' expectations of $264.00 million. Sell-side analysts forecast that GCI Liberty, Inc. - Series A GCI Group will post 5.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Occudo Quantitative Strategies LP bought a new position in shares of GCI Liberty, Inc. - Series A GCI Group in the 3rd quarter valued at about $282,000. Royal Bank of Canada lifted its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 111.2% in the 4th quarter. Royal Bank of Canada now owns 3,039 shares of the company's stock valued at $111,000 after acquiring an additional 1,600 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 324.9% in the 4th quarter. Virtu Financial LLC now owns 30,645 shares of the company's stock valued at $1,130,000 after acquiring an additional 23,432 shares during the last quarter. Deltroit Asset Management UK LLP bought a new position in shares of GCI Liberty, Inc. - Series A GCI Group in the 4th quarter valued at about $90,000. Finally, Gabelli Funds LLC lifted its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 62.7% in the 4th quarter. Gabelli Funds LLC now owns 20,750 shares of the company's stock valued at $765,000 after acquiring an additional 8,000 shares during the last quarter.

About GCI Liberty, Inc. - Series A GCI Group

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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