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

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 $24.99 and last traded at $25.42, with a volume of 71000 shares changing hands. The stock had previously closed at $25.65.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, GCI Liberty, Inc. – Series A GCI Group presently has a consensus rating of “Sell”.

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

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 $34.19 and a two-hundred day moving average price of $35.63. The company has a market capitalization of $741.61 million and a price-to-earnings ratio of -2.41.

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

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

A number of institutional investors have recently modified their holdings of GLIBA. Crossingbridge Advisors LLC acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth approximately $14,499,000. Vanguard Group Inc. acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth approximately $11,733,000. Luxor Capital Group LP acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth approximately $4,410,000. Dimensional Fund Advisors LP acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth approximately $3,567,000. Finally, Long Focus Capital Management LLC acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the third quarter worth approximately $2,817,000.

About GCI Liberty, Inc. – Series A GCI Group

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.