GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $20.18 and last traded at $20.38, with a volume of 81517 shares trading hands. The stock had previously closed at $21.03.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
View Our Latest Research Report on GCI Liberty, Inc. – Series A GCI Group
GCI Liberty, Inc. – Series A GCI Group Price Performance
GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). The firm had revenue of $256.00 million during the quarter. GCI Liberty, Inc. – Series A GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. On average, sell-side analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 3.36 earnings per share for the current fiscal year.
Insider Buying and Selling at GCI Liberty, Inc. – Series A GCI Group
In other news, CEO Ronald A. Duncan acquired 65,000 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the purchase, the chief executive officer directly owned 42,516 shares of the company’s stock, valued at $894,536.64. This represents a -289.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.87% of the company’s stock.
Institutional Investors Weigh In On GCI Liberty, Inc. – Series A GCI Group
A number of institutional investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP increased its position in GCI Liberty, Inc. – Series A GCI Group by 78.9% in 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 during the period. Gabelli Funds LLC grew its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 6.1% in the first quarter. Gabelli Funds LLC now owns 22,010 shares of the company’s stock worth $811,000 after purchasing an additional 1,260 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 8.0% in the first quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company’s stock worth $508,000 after purchasing an additional 1,023 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in GCI Liberty, Inc. – Series A GCI Group in the first quarter valued at $147,000. Finally, Dimensional Fund Advisors LP increased its holdings in GCI Liberty, Inc. – Series A GCI Group by 29.7% in the first quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company’s stock valued at $5,682,000 after purchasing an additional 35,340 shares during the period.
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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