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

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.64 and last traded at $23.66, with a volume of 1184972 shares traded. The stock had previously closed at $24.97.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GLIBK shares. Zacks Research lowered GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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

The stock has a market cap of $848.21 million and a PE ratio of -2.21. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $33.31 and a 200 day moving average of $35.29.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates 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%. Equities analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $30,000. FNY Investment Advisers LLC acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $33,000. Fifth Third Bancorp acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the first quarter worth about $38,000. Central Pacific Bank Trust Division acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $48,000. Finally, Amalgamated Bank acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $50,000.

GCI Liberty, Inc. – Series C GCI Group Company Profile

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.