GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Sets New 1-Year Low – What’s Next?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK)’s share price hit a new 52-week low on Friday . The company traded as low as $25.21 and last traded at $25.34, with a volume of 265985 shares changing hands. The stock had previously closed at $26.14.

Analyst Upgrades and Downgrades

GLIBK has been the subject of a number of research analyst reports. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

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

The firm has a 50 day moving average of $35.27 and a 200-day moving average of $35.93. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. The company has a market cap of $914.72 million and a P/E ratio of -2.37.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced 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). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. On average, equities research analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 4.57 EPS for the current year.

Institutional Trading of GCI Liberty, Inc. – Series C GCI Group

A number of institutional investors and hedge funds have recently bought and sold shares of GLIBK. Versor Investments LP purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at about $2,657,000. Barclays PLC purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth about $119,947,000. Luxor Capital Group LP bought a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $10,846,000. Vanguard Group Inc. bought a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $81,260,000. Finally, Highbridge Capital Management LLC purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at approximately $19,509,000.

About GCI Liberty, Inc. – Series C GCI Group

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.