GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Shares Gap Up – Here’s What Happened

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) gapped up before the market opened on Monday. The stock had previously closed at $21.51, but opened at $23.00. GCI Liberty, Inc. – Series A GCI Group shares last traded at $22.8590, with a volume of 4,767 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

GCI Liberty, Inc. – Series A GCI Group Stock Down 1.3%

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 business’s 50-day simple moving average is $23.51 and its 200-day simple moving average is $28.73. The company has a market capitalization of $651.20 million, a PE ratio of 3.35 and a beta of -0.67.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its 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). GCI Liberty, Inc. – Series A GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%. The business had revenue of $261.00 million for the quarter. As a group, equities research analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 2.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Malone acquired 406,730 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $24.87 per share, for a total transaction of $10,115,375.10. Following the completion of the transaction, the director owned 2,423,250 shares in the company, valued at approximately $60,266,227.50. The trade was a 20.17% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired a total of 543,232 shares of company stock valued at $13,582,081 over the last three months. 7.87% of the stock is currently owned by insiders.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC raised its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 6,245.6% during the 3rd quarter. Sterling Capital Management LLC now owns 4,315 shares of the company’s stock worth $100,000 after buying an additional 4,247 shares during the period. Wedmont Private Capital acquired a new stake in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at $336,000. State Street Corp grew its stake in GCI Liberty, Inc. – Series A GCI Group by 159.2% in the 2nd quarter. State Street Corp now owns 175,280 shares of the company’s stock valued at $3,839,000 after acquiring an additional 107,649 shares during the period. WINTON GROUP Ltd acquired a new stake in GCI Liberty, Inc. – Series A GCI Group in the 2nd quarter valued at $210,000. Finally, Quantinno Capital Management LP increased its holdings in GCI Liberty, Inc. – Series A GCI Group by 78.9% in the 1st quarter. Quantinno Capital Management LP now owns 128,543 shares of the company’s stock worth $4,737,000 after acquiring an additional 56,675 shares in the last quarter.

GCI Liberty, Inc. – Series A GCI Group Company Profile

GCI Liberty, Inc was a holding company associated primarily with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered broadband internet, wireless communications, video, voice, and data services to residential, business, government, and educational customers.

GCI served communities throughout Alaska, including areas where geography and limited infrastructure made telecommunications deployment challenging. Its services included high-speed internet, mobile and fixed wireless connectivity, cable television, local and long-distance voice services, enterprise networking, data transport, and communications solutions for public-sector and commercial customers.

GCI Liberty was created in 2018 in connection with the combination of Liberty Interactive and GCI Holdings.