GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK – Get Free Report) released its earnings results on Thursday. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.18), Zacks reports. GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%.
GCI Liberty, Inc. – Series C GCI Group Stock Up 7.5%
GCI Liberty, Inc. – Series C GCI Group stock traded up $1.85 during midday trading on Friday, reaching $26.63. The stock had a trading volume of 517,322 shares, compared to its average volume of 468,070. The company has a fifty day moving average price of $23.37 and a two-hundred day moving average price of $28.35. GCI Liberty, Inc. – Series C GCI Group has a 12 month low of $19.30 and a 12 month high of $41.17. 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 company has a market capitalization of $954.69 million, a P/E ratio of 9.61 and a beta of -0.86.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of GCI Liberty, Inc. – Series C GCI Group in a report on Tuesday, August 18th. Wall Street Zen upgraded shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note on Saturday, October 17th. Finally, Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group presently has an average rating of “Reduce”.
Read Our Latest Research Report on GCI Liberty, Inc. – Series C GCI Group
Insider Transactions at GCI Liberty, Inc. – Series C GCI Group
In other news, Director John C. Malone acquired 406,730 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction on Monday, August 10th. The stock was purchased at an average price of $24.87 per share, with a total value of $10,115,375.10. Following the completion of the purchase, the director 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 543,232 shares of company stock valued at $13,582,081 in the last 90 days.
GCI Liberty, Inc. – Series C GCI Group Company Profile
GCI Liberty, Inc was a holding company whose principal operating business was GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI, the company offered wireless and wireline communications, broadband internet, data networking, video and voice services to residential, business, government and institutional customers.
GCI operated across Alaska, serving communities throughout the state, including locations that can be difficult to reach through traditional terrestrial communications infrastructure.
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