Insider Selling: GCI Liberty Inc (NASDAQ:GLIBA) Director Sells $3,492,943.93 in Stock

GCI Liberty Inc (NASDAQ:GLIBA) Director Ronald A. Duncan sold 79,331 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $44.03, for a total transaction of $3,492,943.93. Following the sale, the director now owns 842,016 shares of the company’s stock, valued at $37,073,964.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of GLIBA stock opened at $49.61 on Thursday. The company has a market capitalization of $4.60 billion, a PE ratio of 2.71 and a beta of 1.23. The firm has a fifty day simple moving average of $66.96 and a 200-day simple moving average of $68.37. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.54. GCI Liberty Inc has a twelve month low of $26.51 and a twelve month high of $79.06.

GCI Liberty (NASDAQ:GLIBA) last announced its earnings results on Wednesday, February 26th. The company reported $6.73 earnings per share for the quarter, beating the consensus estimate of ($0.26) by $6.99. The business had revenue of $232.39 million during the quarter, compared to the consensus estimate of $233.00 million. GCI Liberty had a net margin of 216.68% and a negative return on equity of 7.85%. Equities research analysts predict that GCI Liberty Inc will post -1.07 EPS for the current year.

Several hedge funds have recently made changes to their positions in GLIBA. TCI Wealth Advisors Inc. boosted its stake in GCI Liberty by 90.5% during the 4th quarter. TCI Wealth Advisors Inc. now owns 360 shares of the company’s stock valued at $26,000 after acquiring an additional 171 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in GCI Liberty by 0.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 33,590 shares of the company’s stock valued at $2,085,000 after acquiring an additional 174 shares during the last quarter. SG Americas Securities LLC boosted its stake in GCI Liberty by 10.3% during the 3rd quarter. SG Americas Securities LLC now owns 1,888 shares of the company’s stock valued at $117,000 after acquiring an additional 176 shares during the last quarter. Comerica Bank boosted its stake in GCI Liberty by 6.1% during the 4th quarter. Comerica Bank now owns 3,437 shares of the company’s stock valued at $244,000 after acquiring an additional 198 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in GCI Liberty by 40.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,244 shares of the company’s stock valued at $88,000 after acquiring an additional 357 shares during the last quarter. Institutional investors and hedge funds own 89.03% of the company’s stock.

Several research firms have issued reports on GLIBA. Zacks Investment Research upgraded shares of GCI Liberty from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Benchmark boosted their price objective on shares of GCI Liberty from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. ValuEngine upgraded shares of GCI Liberty from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. B. Riley upped their target price on shares of GCI Liberty from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, BidaskClub downgraded shares of GCI Liberty from a “hold” rating to a “sell” rating in a research note on Thursday, March 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $80.17.

GCI Liberty 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. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services.

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