GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Rating Lowered to “Strong Sell” at Zacks Research

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBAGet Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

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

Shares of GLIBA opened at $25.73 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37. GCI Liberty, Inc. – Series A GCI Group has a 52 week low of $19.61 and a 52 week high of $41.87. The stock has a market capitalization of $738.45 million and a price-to-earnings ratio of -2.29. The stock has a fifty day moving average of $22.44 and a 200-day moving average of $30.35.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBAGet Free Report) last issued 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 for the quarter. As a group, sell-side analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 2.58 earnings per share for the current fiscal year.

Insider Activity at GCI Liberty, Inc. – Series A GCI Group

In other GCI Liberty, Inc. – Series A GCI Group news, Director John C. Malone acquired 406,730 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average price of $24.87 per share, for a total transaction of $10,115,375.10. Following the acquisition, the director directly owned 2,423,250 shares in the company, valued at $60,266,227.50. This represents a 20.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ronald A. Duncan acquired 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the acquisition, the chief executive officer owned 42,516 shares in the company, valued at $894,536.64. The trade was a -289.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 609,732 shares of company stock valued at $14,976,306 in the last ninety days. 7.87% of the stock is currently owned by insiders.

Hedge Funds Weigh In On GCI Liberty, Inc. – Series A GCI Group

A number of hedge funds have recently modified their holdings of GLIBA. Quantinno Capital Management LP grew its position in shares of 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 buying an additional 56,675 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of GCI Liberty, Inc. – Series A GCI Group by 29.7% during the first quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company’s stock worth $5,682,000 after acquiring an additional 35,340 shares during the last quarter. Gabelli Funds LLC raised its position in shares of GCI Liberty, Inc. – Series A GCI Group by 6.1% during the first quarter. Gabelli Funds LLC now owns 22,010 shares of the company’s stock worth $811,000 after acquiring an additional 1,260 shares during the last quarter. Gamco Investors INC. ET AL lifted 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 acquiring an additional 1,023 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the first quarter worth approximately $147,000.

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

(Get Free Report)

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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