GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Reaches New 12-Month Low – Here’s What Happened

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) shares hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $19.40 and last traded at $19.47, with a volume of 26,960 shares changing hands. The stock had previously closed at $20.14.

Wall Street Analyst Weigh In

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 data from MarketBeat.com, GCI Liberty, Inc. – Series A GCI Group has a consensus rating of “Hold”.

GCI Liberty, Inc. – Series A GCI Group Trading Up 4.8%

The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37. The business’s 50-day simple moving average is $24.26 and its 200-day simple moving average is $25.48. The company has a market cap of $597.53 million, a price-to-earnings ratio of -1.85 and a beta of -0.70.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last issued its quarterly earnings results 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). 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%. Research 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 1,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the acquisition, the director owned 2,559,752 shares of the company’s stock, valued at $66,553,552. This trade represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 543,232 shares of company stock worth $13,582,081 over the last ninety days. 7.87% of the stock is currently owned by insiders.

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

A number of institutional investors have recently added to or reduced their stakes in GLIBA. State Street Corp lifted its position in shares of GCI Liberty, Inc. – Series A GCI Group by 159.2% during the second quarter. State Street Corp now owns 175,280 shares of the company’s stock worth $3,839,000 after purchasing an additional 107,649 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 78.9% in the first 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 29.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company’s stock valued at $5,682,000 after buying an additional 35,340 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of GCI Liberty, Inc. – Series A GCI Group by 6,245.6% in the 3rd quarter. Sterling Capital Management LLC now owns 4,315 shares of the company’s stock worth $100,000 after purchasing an additional 4,247 shares during the last quarter. Finally, Wedmont Private Capital bought a new stake in GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at about $336,000.

GCI Liberty, Inc. – Series A GCI Group Company Profile

GCI Liberty, Inc was a holding company associated primarily with GCI Holdings, LLC, an Alaska-based telecommunications provider. Through GCI Holdings, the company offered broadband internet, wireless communications, video, voice, and data services to residential, business, government, and educational customers.

GCI served communities throughout Alaska, including areas where geography and limited infrastructure made telecommunications deployment challenging. Its services included high-speed internet, mobile and fixed wireless connectivity, cable television, local and long-distance voice services, enterprise networking, data transport, and communications solutions for public-sector and commercial customers.

GCI Liberty was created in 2018 in connection with the combination of Liberty Interactive and GCI Holdings.