GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Hits New 52-Week Low – What’s Next?

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

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded 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.com, GCI Liberty, Inc. – Series A GCI Group has an average rating of “Hold”.

GCI Liberty, Inc. – Series A GCI Group Stock Down 2.3%

The business has a 50 day simple moving average of $25.11 and a 200 day simple moving average of $26.52. The company has a market capitalization of $562.81 million, a price-to-earnings ratio of -1.74 and a beta of -0.70. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.75). GCI Liberty, Inc. – Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. The firm had revenue of $261.00 million during the quarter. As a group, equities analysts predict that GCI Liberty, Inc. – Series A GCI Group will post 2.58 earnings per share for the current fiscal year.

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

In other news, Director John Malone bought 406,730 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $24.87 per share, for a total transaction of $10,115,375.10. Following the acquisition, the director directly owned 2,423,250 shares of the company’s stock, valued at $60,266,227.50. The trade was a 20.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders bought 543,232 shares of company stock worth $13,582,081. 7.87% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GCI Liberty, Inc. – Series A GCI Group

Institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership purchased a new stake in GCI Liberty, Inc. – Series A GCI Group during the first quarter worth about $147,000. WINTON GROUP Ltd acquired a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the second quarter worth about $210,000. R Squared Ltd acquired a new stake in shares of GCI Liberty, Inc. – Series A GCI Group during the first quarter worth about $240,000. Moran Wealth Management LLC purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the first quarter valued at approximately $281,000. Finally, Wedmont Private Capital purchased a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at approximately $336,000.

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.