GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Downgraded by Zacks Research to Strong Sell

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

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

Shares of GCI Liberty, Inc. – Series A GCI Group stock opened at $25.59 on Thursday. The company has a market cap of $734.43 million and a PE ratio of -2.39. GCI Liberty, Inc. – Series A GCI Group has a 52 week low of $25.26 and a 52 week high of $41.87. The business has a 50 day moving average price of $35.20 and a 200-day moving average price of $35.95. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last released its earnings results 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). The business had revenue of $256.00 million during 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%. Equities analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 3.36 earnings per share for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in the company. Moran Wealth Management LLC purchased a new position in GCI Liberty, Inc. – Series A GCI Group in the 1st quarter worth $281,000. Virtu Financial LLC raised its position in GCI Liberty, Inc. – Series A GCI Group by 324.9% in the 4th quarter. Virtu Financial LLC now owns 30,645 shares of the company’s stock worth $1,130,000 after purchasing an additional 23,432 shares during the period. Whittier Trust Co. raised its position 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 worth $43,000 after purchasing an additional 700 shares during the period. Luxor Capital Group LP bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at about $4,410,000. Finally, Long Focus Capital Management LLC bought a new stake in shares of GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at about $2,817,000.

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.