GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) Shares Gap Up - Time to Buy?

Key Points

• GLIBA shares gapped up, opening at $26.36 after closing at $24.71; they were last reported at $26.759 on light volume of 793 shares.
• The company reported quarterly EPS of $0.68, missing the $0.86 analyst consensus, on revenue of $267 million. Analysts’ average rating is Hold, following Zacks Research’s upgrade from Strong Sell.
• Insiders bought 136,502 shares over the past 90 days, while institutional investors reported both increased and new positions.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report)'s stock price gapped up prior to trading on Monday. The stock had previously closed at $24.71, but opened at $26.36. GCI Liberty, Inc. - Series A GCI Group shares last traded at $26.7590, with a volume of 793 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of GCI Liberty, Inc. - Series A GCI Group from a "strong sell" rating to a "hold" rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, GCI Liberty, Inc. - Series A GCI Group currently has an average rating of "Hold".

GCI Liberty, Inc. - Series A GCI Group Stock Up 3.6%

The stock has a market capitalization of $782.74 million, a PE ratio of 9.83 and a beta of -0.67. The firm has a 50 day moving average of $23.39 and a two-hundred day moving average of $28.52. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.65.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.18). GCI Liberty, Inc. - Series A GCI Group had a net margin of 7.36% and a return on equity of 4.46%. The firm had revenue of $267.00 million during the quarter. Equities research analysts anticipate that GCI Liberty, Inc. - Series A GCI Group will post 2.36 earnings per share for the current year.

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

In related news, Director John Malone bought 1,000 shares of the stock in a transaction on Thursday, August 13th. The shares were purchased at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the acquisition, the director owned 2,559,752 shares in the company, valued at $66,553,552. This represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders purchased 136,502 shares of company stock valued at $3,466,706. 7.87% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GLIBA. Russell Investments Group Ltd. lifted its stake in shares of GCI Liberty, Inc. - Series A GCI Group by 110.1% during the third quarter. Russell Investments Group Ltd. now owns 1,254 shares of the company's stock valued at $29,000 after buying an additional 657 shares during the period. Sterling Capital Management LLC boosted its position in GCI Liberty, Inc. - Series A GCI Group by 6,245.6% during the third quarter. Sterling Capital Management LLC now owns 4,315 shares of the company's stock worth $100,000 after acquiring an additional 4,247 shares during the last quarter. Wedmont Private Capital purchased a new stake in GCI Liberty, Inc. - Series A GCI Group in the 3rd quarter worth approximately $336,000. State Street Corp grew its stake in GCI Liberty, Inc. - Series A GCI Group by 159.2% in the 2nd quarter. State Street Corp now owns 175,280 shares of the company's stock worth $3,839,000 after acquiring an additional 107,649 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in GCI Liberty, Inc. - Series A GCI Group in the 2nd quarter valued at $210,000.

GCI Liberty, Inc. - Series A GCI Group Company Profile

GCI Liberty, Inc was a holding company associated primarily with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered broadband internet, wireless communications, video, voice, and data services to residential, business, government, and educational customers.

GCI served communities throughout Alaska, including areas where geography and limited infrastructure made telecommunications deployment challenging. Its services included high-speed internet, mobile and fixed wireless connectivity, cable television, local and long-distance voice services, enterprise networking, data transport, and communications solutions for public-sector and commercial customers.

GCI Liberty was created in 2018 in connection with the combination of Liberty Interactive and GCI Holdings.

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