GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Sets New 52-Week 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 $20.18 and last traded at $20.38, with a volume of 81517 shares changing hands. The stock had previously closed at $21.03.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of 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.com, the stock presently has an average rating of “Sell”.

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

The company’s fifty day moving average price is $28.94 and its two-hundred day moving average price is $34.03. The firm has a market capitalization of $584.91 million and a PE ratio of -1.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last posted its earnings results 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). The business had revenue of $256.00 million for the quarter. GCI Liberty, Inc. – Series A GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. As a group, equities analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 3.36 earnings per share for the current year.

Insider Buying and Selling at GCI Liberty, Inc. – Series A GCI Group

In related news, CEO Ronald A. Duncan purchased 65,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the transaction, the chief executive officer owned 42,516 shares of the company’s stock, valued at $894,536.64. This represents a -289.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.87% of the company’s stock.

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

Several large investors have recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at $27,000. JPMorgan Chase & Co. acquired a new position in GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $33,000. Legal & General Group Plc acquired a new position in GCI Liberty, Inc. – Series A GCI Group during the third quarter worth about $39,000. Public Employees Retirement System of Ohio purchased a new position in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter worth about $39,000. Finally, Whittier Trust Co. increased its stake 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 in the last quarter.

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.