GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Reaches New 12-Month Low – What’s Next?

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $19.40 and last traded at $19.47, with a volume of 26,960 shares changing hands. The stock had previously closed at $20.14.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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

The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37. The stock’s 50 day simple moving average is $24.49 and its two-hundred day simple moving average is $25.70. The firm has a market capitalization of $562.35 million, a PE ratio of -1.74 and a beta of -0.70.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last released its earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.75). The firm had revenue of $261.00 million during the quarter. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. On average, sell-side analysts forecast that GCI Liberty, Inc. – Series A GCI Group will post 2.58 EPS for the current year.

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

In other GCI Liberty, Inc. – Series A GCI Group news, Director John Malone purchased 1,000 shares of the stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the acquisition, the director directly owned 2,559,752 shares of the company’s stock, valued at $66,553,552. This represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders have bought 543,232 shares of company stock worth $13,582,081 in the last ninety days. Insiders own 7.87% of the company’s stock.

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

A number of hedge funds have recently added to or reduced their stakes in GLIBA. Arrowstreet Capital Limited Partnership acquired a new stake in GCI Liberty, Inc. – Series A GCI Group in the 1st quarter valued at about $147,000. WINTON GROUP Ltd bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the second quarter worth approximately $210,000. R Squared Ltd bought a new position in GCI Liberty, Inc. – Series A GCI Group in the 1st quarter worth approximately $240,000. Moran Wealth Management LLC acquired a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the 1st quarter worth approximately $281,000. Finally, Wedmont Private Capital acquired a new position in GCI Liberty, Inc. – Series A GCI Group in the third quarter worth about $336,000.

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.