GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Issues Quarterly Earnings Results, Misses Expectations By $0.75 EPS

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) released its quarterly earnings results on Thursday. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.75), Zacks reports. The company had revenue of $261.00 million during the quarter. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.82%.

GCI Liberty, Inc. – Series A GCI Group Stock Up 0.7%

Shares of NASDAQ:GLIBA traded up $0.18 during trading on Friday, hitting $24.60. The stock had a trading volume of 24,949 shares, compared to its average volume of 61,335. The company has a market capitalization of $706.02 million and a PE ratio of -2.19. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61. The firm’s fifty day moving average is $22.20 and its 200 day moving average is $30.67. GCI Liberty, Inc. – Series A GCI Group has a 12 month low of $19.61 and a 12 month high of $41.87.

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 report on Monday, July 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Insider Buying and Selling at GCI Liberty, Inc. – Series A GCI Group

In other news, CEO Ronald A. Duncan purchased 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average cost of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the transaction, the chief executive officer directly owned 42,516 shares of the company’s stock, valued at $894,536.64. This trade represents a -289.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.87% of the stock is owned by corporate insiders.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at $122,000. JPMorgan Chase & Co. bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth about $33,000. Vanguard Group Inc. bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth about $11,733,000. US Bancorp DE bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth about $27,000. Finally, Quantbot Technologies LP purchased a new position in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter valued at about $43,000.

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.