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

Key Points

• GLIBA shares opened sharply higher, rising from a prior close of $26.43 to $28.80 before trading at $25.9150 on low volume. The company has a market capitalization of approximately $740.4 million.
• Analyst sentiment is negative: Zacks Research downgraded the stock from “hold” to “strong sell,” while MarketBeat reports a consensus “Sell” rating. The company also missed quarterly EPS estimates, reporting $0.40 versus the $1.15 consensus.
• Insiders have been buying shares, including Director John Malone’s 1,000-share purchase and more than 610,000 shares purchased by insiders over the past 90 days, valued at approximately $15 million.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $26.43, but opened at $28.80. GCI Liberty, Inc. - Series A GCI Group shares last traded at $25.9150, with a volume of 207 shares traded.

Analyst Upgrades and Downgrades

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 note on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".

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

The firm has a market capitalization of $740.40 million and a P/E ratio of -2.29. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73. The business's fifty day moving average is $23.00 and its 200 day moving average is $29.98.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (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 during the quarter. As a group, analysts forecast that GCI Liberty, Inc. - Series A GCI Group will post 2.58 EPS for the current year.

Insider Activity at GCI Liberty, Inc. - Series A GCI Group

In other GCI Liberty, Inc. - Series A GCI Group news, Director John C. Malone acquired 1,000 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was purchased at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the transaction, the director owned 2,559,752 shares of the company's stock, valued at $66,553,552. The trade was a 0.04% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ronald A. Duncan purchased 65,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the acquisition, the chief executive officer owned 42,516 shares of the company's stock, valued at $894,536.64. This trade represents a -289.09% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 610,732 shares of company stock valued at $15,002,306. 7.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GLIBA. US Bancorp DE bought a new stake in shares of GCI Liberty, Inc. - Series A GCI Group in the 3rd quarter valued at approximately $27,000. JPMorgan Chase & Co. bought a new position in GCI Liberty, Inc. - Series A GCI Group in the 3rd quarter worth $33,000. Legal & General Group Plc acquired a new position in shares of GCI Liberty, Inc. - Series A GCI Group during the 3rd quarter worth about $39,000. Public Employees Retirement System of Ohio acquired a new position in shares of GCI Liberty, Inc. - Series A GCI Group during the third quarter worth approximately $39,000. Finally, Quantbot Technologies LP acquired a new position in GCI Liberty, Inc. - Series A GCI Group during the 3rd quarter valued at $43,000.

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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