GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) Stock Breaks Above 50-Day Moving Average After Earnings Miss

Key Points

• GCI Liberty shares rose above their 50-day moving average of $23.39, reaching $25.30 before last trading at $24.687.
• The company reported quarterly EPS of $0.68, missing the $0.86 consensus estimate by $0.18, on revenue of $267 million.
• Director John Malone bought 406,730 shares for about $10.1 million; analysts’ average rating remains Hold.

Shares of GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) crossed above its fifty day moving average during trading on Thursday following a better than expected earnings announcement. The stock has a fifty day moving average of $23.39 and traded as high as $25.30. GCI Liberty, Inc. - Series A GCI Group shares last traded at $24.6870, with a volume of 112,911 shares.

The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.18). GCI Liberty, Inc. - Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. The business had revenue of $267.00 million for the quarter.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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 research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, GCI Liberty, Inc. - Series A GCI Group presently has an average rating of "Hold".

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

In other news, Director John Malone bought 406,730 shares of GCI Liberty, Inc. - Series A GCI Group stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $24.87 per share, for a total transaction of $10,115,375.10. Following the purchase, the director directly owned 2,423,250 shares of the company's stock, valued at approximately $60,266,227.50. The trade was a 20.17% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders acquired 543,232 shares of company stock valued at $13,582,081. Company insiders own 7.87% of the company's stock.

Institutional Investors Weigh In On GCI Liberty, Inc. - Series A GCI Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership acquired a new position in GCI Liberty, Inc. - Series A GCI Group in the first quarter valued at approximately $147,000. Sterling Capital Management LLC boosted its position in GCI Liberty, Inc. - Series A GCI Group by 6,245.6% in the 3rd quarter. Sterling Capital Management LLC now owns 4,315 shares of the company's stock worth $100,000 after purchasing an additional 4,247 shares in the last quarter. R Squared Ltd acquired a new stake in shares of GCI Liberty, Inc. - Series A GCI Group during the 1st quarter worth approximately $240,000. WINTON GROUP Ltd acquired a new stake in shares of GCI Liberty, Inc. - Series A GCI Group during the 2nd quarter worth approximately $210,000. Finally, Gamco Investors INC. ET AL increased its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 8.0% during 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 in the last quarter.

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

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 stock has a market capitalization of $708.52 million, a PE ratio of -2.19 and a beta of -0.67. The firm's fifty day moving average price is $23.39 and its two-hundred day moving average price is $28.58.

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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