GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Stock Price Down 16.1% After Earnings Miss

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA)’s stock price dropped 16.1% on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $28.71 and last traded at $27.8870. Approximately 11,724 shares were traded during trading, a decline of 68% from the average daily volume of 37,088 shares. The stock had previously closed at $33.25.

The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76).

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised GCI Liberty, Inc. – Series A GCI Group to a “hold” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, GCI Liberty, Inc. – Series A GCI Group presently has a consensus rating of “Hold”.

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

Several institutional investors have recently modified their holdings of GLIBA. Crossingbridge Advisors LLC bought a new stake in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at approximately $14,499,000. Vanguard Group Inc. acquired a new position in shares of GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth approximately $11,733,000. Dimensional Fund Advisors LP grew its holdings in GCI Liberty, Inc. – Series A GCI Group by 25.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 118,849 shares of the company’s stock valued at $4,382,000 after buying an additional 23,866 shares in the last quarter. Luxor Capital Group LP acquired a new position in GCI Liberty, Inc. – Series A GCI Group in the 3rd quarter valued at $4,410,000. Finally, Gotham Asset Management LLC grew its holdings in GCI Liberty, Inc. – Series A GCI Group by 103.2% in the 4th quarter. Gotham Asset Management LLC now owns 116,625 shares of the company’s stock valued at $4,300,000 after buying an additional 59,235 shares in the last quarter.

GCI Liberty, Inc. – Series A GCI Group Trading Down 16.6%

The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $795.88 million and a P/E ratio of 4.05. The business has a 50-day moving average price of $36.90 and a two-hundred day moving average price of $36.40.

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.