John Malone Purchases 66,702 Shares of GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) Stock

Key Points

• Director John Malone purchased 66,702 GLIBA shares at an average price of $25.57, investing approximately $1.71 million and increasing his stake by 2.68% to 2,558,752 shares.
• GLIBA shares traded at $25.73, with a market capitalization of about $738.4 million; the stock remains below its 52-week high of $41.87.
• The company reported quarterly EPS of $0.40, missing analysts’ $1.15 estimate, while Zacks Research upgraded the stock from “strong sell” to “hold”; the consensus rating is “Hold.”

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) Director John Malone acquired 66,702 shares of GCI Liberty, Inc. - Series A GCI Group stock in a transaction dated Wednesday, August 12th. The shares were acquired at an average price of $25.57 per share, with a total value of $1,705,570.14. Following the transaction, the director owned 2,558,752 shares in the company, valued at approximately $65,427,288.64. This represents a 2.68% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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

Shares of NASDAQ GLIBA traded up $0.73 during midday trading on Wednesday, reaching $25.73. The company's stock had a trading volume of 32,574 shares, compared to its average volume of 64,029. 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 market cap of $738.40 million and a price-to-earnings ratio of -2.29. The company has a 50 day moving average price of $22.34 and a 200 day moving average price of $30.44. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) last issued 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). The business had revenue of $261.00 million for the quarter. GCI Liberty, Inc. - Series A GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%. On average, equities research analysts expect that GCI Liberty, Inc. - Series A GCI Group will post 2.58 EPS for the current year.

Institutional Trading of GCI Liberty, Inc. - Series A GCI Group

A number of hedge funds have recently bought and sold shares of GLIBA. Quantinno Capital Management LP boosted its holdings 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 buying an additional 56,675 shares during the period. Gabelli Funds LLC raised its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 6.1% during the first quarter. Gabelli Funds LLC now owns 22,010 shares of the company's stock valued at $811,000 after acquiring an additional 1,260 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 8.0% during the first quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company's stock valued at $508,000 after acquiring an additional 1,023 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of GCI Liberty, Inc. - Series A GCI Group in the 1st quarter valued at approximately $147,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of GCI Liberty, Inc. - Series A GCI Group by 29.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company's stock valued at $5,682,000 after acquiring an additional 35,340 shares in the last quarter.

Analyst Ratings Changes

Separately, Zacks Research raised 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 investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, GCI Liberty, Inc. - Series A GCI Group presently has a consensus rating of "Hold".

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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