GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Hits New 52-Week Low – Time to Sell?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $20.15 and last traded at $20.2140, with a volume of 486581 shares traded. The stock had previously closed at $21.23.

Analyst Ratings Changes

Several research analysts have recently commented on GLIBK shares. Zacks Research downgraded GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Weiss Ratings downgraded GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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

The firm has a fifty day simple moving average of $28.80 and a 200-day simple moving average of $33.96. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. The stock has a market cap of $727.76 million and a price-to-earnings ratio of -1.90.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. Analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

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

In other GCI Liberty, Inc. – Series C GCI Group news, CEO Ronald A. Duncan bought 65,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was bought 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 owned 42,516 shares of the company’s stock, valued at approximately $894,536.64. The trade was a -289.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of GCI Liberty, Inc. – Series C GCI Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at $30,000. FNY Investment Advisers LLC bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter valued at $33,000. Fifth Third Bancorp bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 1st quarter valued at $38,000. Central Pacific Bank Trust Division bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter valued at $48,000. Finally, Highlander Partners L.P. bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter valued at $63,000.

About GCI Liberty, Inc. – Series C GCI Group

GCI Liberty Inc is an American holding company whose principal operating asset is a majority ownership interest in General Communication Inc, the largest integrated telecommunications provider in the state of Alaska. GCI Liberty was formed in December 2019 as a tracking stock of Liberty Interactive Group to hold certain communications and digital media investments. Its shares trade on the NASDAQ under the ticker symbol GLIBK.

Through its subsidiary, the company delivers high-speed broadband internet, cable and direct-to-home video distribution, fixed voice, and mobile wireless services to residential customers across Alaska.