GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Sets New 52-Week Low – Here’s What Happened

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) hit a new 52-week low during trading on Wednesday . The company traded as low as $20.18 and last traded at $20.38, with a volume of 81517 shares. The stock had previously closed at $21.03.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

GCI Liberty, Inc. – Series A GCI Group Trading Down 3.1%

The firm has a market capitalization of $584.91 million and a P/E ratio of -1.90. 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 business has a 50-day moving average price of $28.94 and a 200-day moving average price of $34.03.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). The company had revenue of $256.00 million for the quarter. GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. Analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 3.36 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Ronald A. Duncan acquired 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the acquisition, the chief executive officer owned 42,516 shares of the company’s stock, valued at $894,536.64. This trade represents a -289.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 7.87% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. US Bancorp DE bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $27,000. JPMorgan Chase & Co. acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth approximately $33,000. Legal & General Group Plc acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth approximately $39,000. Public Employees Retirement System of Ohio bought a new stake in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at $39,000. Finally, Whittier Trust Co. boosted its stake in GCI Liberty, Inc. – Series A GCI Group by 147.7% in the 4th quarter. Whittier Trust Co. now owns 1,174 shares of the company’s stock valued at $43,000 after purchasing an additional 700 shares during the period.

GCI Liberty, Inc. – Series A GCI Group 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 primarily in Alaska under the GCI brand. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services. The company is based in Englewood, Colorado.