GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) from a strong sell rating to a hold rating in a report issued on Monday,Zacks reports.

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

Shares of GCI Liberty, Inc. – Series A GCI Group stock opened at $23.65 on Monday. 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 firm has a market capitalization of $678.75 million, a P/E ratio of -2.10 and a beta of -0.70. The business has a fifty day simple moving average of $25.19 and a two-hundred day simple moving average of $26.81. GCI Liberty, Inc. – Series A GCI Group has a 12 month low of $19.61 and a 12 month high of $41.87.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its quarterly 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 during the quarter. On average, equities analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 2.58 earnings per share for the current fiscal year.

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

In related news, Director John Malone purchased 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the purchase, the director directly owned 2,559,752 shares of the company’s stock, valued at approximately $66,553,552. This represents a 0.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders purchased 543,232 shares of company stock valued at $13,582,081. Insiders own 7.87% of the company’s stock.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership purchased a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the first quarter worth $147,000. R Squared Ltd purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the 1st quarter worth about $240,000. Moran Wealth Management LLC bought a new position in GCI Liberty, Inc. – Series A GCI Group in the 1st quarter worth about $281,000. WINTON GROUP Ltd purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the 2nd quarter valued at about $210,000. Finally, Gamco Investors INC. ET AL grew its position in GCI Liberty, Inc. – Series A GCI Group by 8.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company’s stock valued at $508,000 after purchasing an additional 1,023 shares during the last quarter.

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

GCI Liberty, Inc was a holding company whose Series A GCI Group tracking stock represented an interest in GCI Holdings, LLC, an Alaska-based telecommunications and media company. GCI Liberty was formed in 2018 through the separation of GCI Holdings from Liberty Interactive Corporation.

Through GCI Holdings, the company provided wireless communications, broadband internet, video, voice, data networking, and managed services. GCI served residential, business, government, and wholesale customers across Alaska, including communities where telecommunications infrastructure can be difficult to develop.