John Malone Purchases 68,800 Shares of GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBAGet Free Report) Director John Malone bought 68,800 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $25.22 per share, for a total transaction of $1,735,136.00. Following the acquisition, the director directly owned 2,492,050 shares of the company’s stock, valued at $62,849,501. The trade was a 2.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

GCI Liberty, Inc. – Series A GCI Group Stock Up 4.5%

NASDAQ:GLIBA opened at $26.89 on Friday. The firm has a market capitalization of $771.74 million and a PE ratio of -2.39. The stock has a 50 day moving average of $22.57 and a 200-day moving average of $30.27. GCI Liberty, Inc. – Series A GCI Group has a 52 week low of $19.61 and a 52 week high of $41.87. The company has a current ratio of 3.37, a quick ratio of 3.37 and a debt-to-equity ratio of 0.73.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBAGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.75). The company had revenue of $261.00 million during the quarter. GCI Liberty, Inc. – Series A GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%. Analysts predict that GCI Liberty, Inc. – Series A GCI Group will post 2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

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 Tuesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Get Our Latest Report on GCI Liberty, Inc. – Series A GCI Group

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

Several large investors have recently made changes to their positions in GLIBA. Rhumbline Advisers bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $122,000. JPMorgan Chase & Co. bought a new position in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth approximately $33,000. Vanguard Group Inc. acquired a new stake in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at approximately $11,733,000. US Bancorp DE acquired a new stake in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at approximately $27,000. Finally, Quantbot Technologies LP bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at $43,000.

About GCI Liberty, Inc. – Series A GCI Group

(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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