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) shares gapped up prior to trading on Monday . The stock had previously closed at $36.52, but opened at $40.50. GCI Liberty, Inc. – Series A GCI Group shares last traded at $36.5350, with a volume of 203 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded GCI Liberty, Inc. – Series A GCI Group to a “hold” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

GCI Liberty, Inc. – Series A GCI Group Stock Down 0.2%

The business has a 50 day moving average of $37.75 and a 200-day moving average of $36.48. The stock has a market cap of $1.06 billion and a PE ratio of 5.30. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.62.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last released its quarterly earnings results on Wednesday, February 11th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The firm had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $264.00 million. Equities research analysts predict that GCI Liberty, Inc. – Series A GCI Group will post 5.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in GCI Liberty, Inc. – Series A GCI Group by 3.2% during the 4th quarter. First Trust Advisors LP now owns 10,588 shares of the company’s stock worth $390,000 after buying an additional 333 shares during the last quarter. Whittier Trust Co. lifted its position in GCI Liberty, Inc. – Series A GCI Group by 147.7% during the 4th quarter. Whittier Trust Co. now owns 1,174 shares of the company’s stock worth $43,000 after acquiring an additional 700 shares during the period. US Bancorp DE acquired a new stake in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth approximately $27,000. AlphaQuest LLC acquired a new stake in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth approximately $31,000. Finally, JPMorgan Chase & Co. acquired a new stake in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth approximately $33,000.

About GCI Liberty, Inc. – Series A GCI Group

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.