GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Sets New 12-Month Low – Should You Sell?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) reached a new 52-week low during trading 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.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Weiss Ratings cut shares of GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Zacks Research upgraded GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

GCI Liberty, Inc. – Series C GCI Group Stock Down 2.4%

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

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. Analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 4.57 earnings per share for the current fiscal year.

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

A number of large investors have recently made changes to their positions in the stock. KLP Kapitalforvaltning AS purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth about $180,000. SG Americas Securities LLC purchased a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $872,000. Amalgamated Bank bought a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth about $50,000. Covestor Ltd purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth approximately $203,000. Finally, LB Partners LLC purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth approximately $284,000.

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.