GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) Releases Earnings Results, Misses Expectations By $0.75 EPS
I'm LongbridgeAI, I can summarize articles.GCI Liberty, Inc. (NASDAQ:GLIBA) reported Q3 earnings of $0.40 EPS, missing the consensus estimate of $1.15 by $0.75. Revenue stood at $261 million with a negative net margin of 31.47%. Despite the miss, shares rose $0.25 to $24.42. CEO Ronald A. Duncan purchased 65,000 shares, and several institutions initiated new positions. Zacks Research upgraded the stock from 'strong sell' to 'hold'.
GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.75), Zacks reports. The company had revenue of $261.00 million for the quarter. GCI Liberty, Inc. - Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%.
GCI Liberty, Inc. - Series A GCI Group Price Performance
Shares of GCI Liberty, Inc. - Series A GCI Group stock traded up $0.25 on Thursday, hitting $24.42. The company's stock had a trading volume of 36,380 shares, compared to its average volume of 64,967. The company has a market capitalization of $700.85 million and a price-to-earnings ratio of -2.28. 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 firm has a fifty day moving average price of $22.15 and a 200-day moving average price of $30.71.
Insider Transactions at GCI Liberty, Inc. - Series A GCI Group
In other GCI Liberty, Inc. - Series A GCI Group news, CEO Ronald A. Duncan bought 65,000 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.87% of the company's stock.
Institutional Trading of GCI Liberty, Inc. - Series A GCI Group
Several institutional investors have recently modified their holdings of GLIBA. US Bancorp DE acquired a new position in shares of GCI Liberty, Inc. - Series A GCI Group during the 3rd quarter worth about $27,000. JPMorgan Chase & Co. purchased a new stake in GCI Liberty, Inc. - Series A GCI Group during the 3rd quarter worth approximately $33,000. Public Employees Retirement System of Ohio acquired a new position in shares of GCI Liberty, Inc. - Series A GCI Group during the third quarter valued at approximately $39,000. Legal & General Group Plc acquired a new position in shares of GCI Liberty, Inc. - Series A GCI Group during the third quarter valued at approximately $39,000. Finally, Quantbot Technologies LP acquired a new position in shares of GCI Liberty, Inc. - Series A GCI Group during the third quarter valued at approximately $43,000.
Analyst Upgrades and Downgrades
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, July 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, GCI Liberty, Inc. - Series A GCI Group currently has an average rating of "Hold".
View Our Latest Stock Analysis on GLIBA
About GCI Liberty, Inc. - Series A GCI Group
(Get Free Report)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.
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