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

Shares of GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $19.61 and last traded at $19.61, with a volume of 70,062 shares trading hands. The stock had previously closed at $20.08.

Analyst Upgrades and Downgrades

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 analyst has rated the stock with a Hold rating. According to MarketBeat, GCI Liberty, Inc. – Series A GCI Group currently has an average rating of “Hold”.

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

The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $571.79 million, a price-to-earnings ratio of -1.77 and a beta of -0.70. The business’s 50 day simple moving average is $24.94 and its 200-day simple moving average is $26.28.

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

Insider Buying and Selling

In other news, Director John Malone bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the director directly owned 2,559,752 shares in the company, valued at approximately $66,553,552. This represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders purchased 543,232 shares of company stock valued at $13,582,081 in the last quarter. Corporate insiders own 7.87% of the company’s stock.

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

Several hedge funds and other institutional investors have recently modified their holdings of GLIBA. Wedmont Private Capital bought a new stake in GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at $336,000. State Street Corp boosted its position in GCI Liberty, Inc. – Series A GCI Group by 159.2% during the 2nd quarter. State Street Corp now owns 175,280 shares of the company’s stock valued at $3,839,000 after acquiring an additional 107,649 shares in the last quarter. WINTON GROUP Ltd bought a new stake in GCI Liberty, Inc. – Series A GCI Group during the 2nd quarter valued at approximately $210,000. Quantinno Capital Management LP grew its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 78.9% during the 1st quarter. Quantinno Capital Management LP now owns 128,543 shares of the company’s stock worth $4,737,000 after acquiring an additional 56,675 shares during the period. Finally, Gabelli Funds LLC lifted its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 6.1% in the 1st quarter. Gabelli Funds LLC now owns 22,010 shares of the company’s stock valued at $811,000 after purchasing an additional 1,260 shares during the period.

About GCI Liberty, Inc. – Series A GCI Group

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.