Ronald Duncan Acquires 65,000 Shares of GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Stock

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) CEO Ronald Duncan purchased 65,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were acquired at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the purchase, the chief executive officer directly owned 42,516 shares of the company’s stock, valued at approximately $894,536.64. This represents a -289.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

GCI Liberty, Inc. – Series A GCI Group Stock Up 4.4%

GLIBA opened at $21.68 on Friday. GCI Liberty, Inc. – Series A GCI Group has a fifty-two week low of $20.25 and a fifty-two week high of $41.87. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The firm’s fifty day moving average price is $31.09 and its two-hundred day moving average price is $34.69. The company has a market capitalization of $622.17 million and a P/E ratio of -2.02.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last released its quarterly 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). GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. The business had revenue of $256.00 million during the quarter. On average, analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research cut GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth about $27,000. AlphaQuest LLC bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth about $31,000. JPMorgan Chase & Co. bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth about $33,000. Legal & General Group Plc bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth about $39,000. Finally, Public Employees Retirement System of Ohio bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth about $39,000.

About GCI Liberty, Inc. – Series A GCI Group

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.