Zacks Research Downgrades GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) to Strong Sell

Key Points

• Zacks Research downgraded GCI Liberty’s Series A shares (NASDAQ: GLIBA) from “hold” to “strong sell.”
• The company reported quarterly EPS of $0.40, missing the $1.15 consensus estimate by $0.75, while revenue totaled $261 million and net margin remained negative at 32.53%.
• Despite the downgrade, insiders bought 609,732 shares worth approximately $14.98 million over the past three months; the stock was up 2.9% and opened at $25.73.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) was downgraded by equities research analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a note issued to investors on Tuesday,Zacks.com reports.

GCI Liberty, Inc. - Series A GCI Group Stock Up 2.9%

Shares of GLIBA stock opened at $25.73 on Tuesday. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.73. GCI Liberty, Inc. - Series A GCI Group has a 12 month low of $19.61 and a 12 month high of $41.87. The stock has a 50 day moving average of $22.44 and a 200-day moving average of $30.35. The firm has a market cap of $738.45 million and a PE ratio of -2.29.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.15 by ($0.75). 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 firm had revenue of $261.00 million for the quarter. On average, equities analysts predict that GCI Liberty, Inc. - Series A GCI Group will post 2.58 EPS for the current year.

Insider Buying and Selling at GCI Liberty, Inc. - Series A GCI Group

In other news, Director John C. Malone acquired 66,702 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was purchased at an average cost of $25.57 per share, with a total value of $1,705,570.14. Following the acquisition, the director owned 2,558,752 shares of the company's stock, valued at $65,427,288.64. This trade represents a 2.68% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ronald A. Duncan purchased 65,000 shares of the business's stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of $21.04 per share, for a total transaction of $1,367,600.00. Following the purchase, the chief executive officer owned 42,516 shares in the company, valued at $894,536.64. This trade represents a -289.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 609,732 shares of company stock valued at $14,976,306 over the last three months. Insiders own 7.87% of the company's stock.

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

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

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

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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