GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Sees Large Growth in Short Interest

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 563,201 shares, a growth of 87.2% from the June 15th total of 300,857 shares. Based on an average daily trading volume, of 226,820 shares, the short-interest ratio is presently 2.5 days. Approximately 2.1% of the shares of the company are sold short.

GCI Liberty, Inc. – Series A GCI Group Stock Performance

Shares of GLIBA stock traded down $0.50 on Friday, reaching $22.08. The stock had a trading volume of 46,226 shares, compared to its average volume of 65,540. The stock has a market cap of $633.70 million and a P/E ratio of -2.06. GCI Liberty, Inc. – Series A GCI Group has a 1 year low of $19.61 and a 1 year high of $41.87. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31. The company has a 50 day simple moving average of $22.87 and a 200 day simple moving average of $32.20.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 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 firm had revenue of $256.00 million for the quarter. Equities research analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

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

In other GCI Liberty, Inc. – Series A GCI Group news, CEO Ronald A. Duncan acquired 65,000 shares of GCI Liberty, Inc. – Series A GCI Group stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average cost of $21.04 per share, for a total transaction of $1,367,600.00. Following the acquisition, the chief executive officer owned 42,516 shares of the company’s stock, valued at $894,536.64. This represents a -289.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.87% of the stock is owned by company insiders.

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

Several hedge funds and other institutional investors have recently made changes to their positions in GLIBA. US Bancorp DE purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter worth approximately $27,000. Dimensional Fund Advisors LP increased its holdings in 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 valued at $5,682,000 after buying an additional 35,340 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the first quarter valued at approximately $147,000. Quantinno Capital Management LP increased its holdings in GCI Liberty, Inc. – Series A GCI Group by 78.9% during the first 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. Finally, Gabelli Funds LLC raised its position in 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 acquiring an additional 1,260 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.