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 $19.87 to $20.90 before trading at $20.79 on low volume.
• Analysts maintain a cautious outlook: Zacks upgraded the stock from “Strong Sell” to “Hold,” while the overall analyst rating remains “Hold.”
• The company’s latest quarterly earnings fell short of expectations, reporting $0.40 per share versus a $1.15 consensus estimate, although insiders—including director John Malone—have been actively buying shares.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report)'s stock price gapped up prior to trading on Friday. The stock had previously closed at $19.87, but opened at $20.90. GCI Liberty, Inc. - Series A GCI Group shares last traded at $20.79, with a volume of 361 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of GCI Liberty, Inc. - Series A GCI Group from a "strong sell" rating to a "hold" rating in a report on Monday, October 5th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, GCI Liberty, Inc. - Series A GCI Group has an average rating of "Hold".

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

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 fifty day moving average price is $24.26 and its 200 day moving average price is $25.48. The firm has a market capitalization of $608.64 million, a price-to-earnings ratio of -1.89 and a beta of -0.70.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) last released its quarterly earnings data 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). 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 firm had revenue of $261.00 million during the quarter. Equities research analysts expect that GCI Liberty, Inc. - Series A GCI Group will post 2.58 earnings per share for the current year.

Insider Activity

In related news, Director John Malone bought 406,730 shares of GCI Liberty, Inc. - Series A GCI Group stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $24.87 per share, with a total value of $10,115,375.10. Following the completion of the acquisition, the director directly owned 2,423,250 shares in the company, valued at approximately $60,266,227.50. This trade represents a 20.17% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders acquired 543,232 shares of company stock valued at $13,582,081. Insiders own 7.87% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. 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. Quantinno Capital Management LP grew its stake in GCI Liberty, Inc. - Series A GCI Group by 78.9% during the 1st quarter. Quantinno Capital Management LP now owns 128,543 shares of the company's stock valued at $4,737,000 after acquiring an additional 56,675 shares in the last quarter. State Street Corp increased its holdings in shares of 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 valued at $3,839,000 after purchasing an additional 107,649 shares during the period. Gabelli Funds LLC increased its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 6.1% in the 1st quarter. Gabelli Funds LLC now owns 22,010 shares of the company's stock valued at $811,000 after purchasing an additional 1,260 shares during the period. Finally, Gamco Investors INC. ET AL increased its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 8.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company's stock valued at $508,000 after purchasing an additional 1,023 shares during the period.

About GCI Liberty, Inc. - Series A GCI Group

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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