GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Hits New 12-Month Low Following Analyst Downgrade

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) reached a new 52-week low during trading on Thursday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock traded as low as $25.82 and last traded at $25.75, with a volume of 21999 shares traded. The stock had previously closed at $27.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE bought a new position in shares of GCI Liberty, Inc. – Series A GCI Group in the third quarter valued at approximately $27,000. AlphaQuest LLC acquired a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $31,000. JPMorgan Chase & Co. acquired a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $33,000. Legal & General Group Plc acquired a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $39,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in GCI Liberty, Inc. – Series A GCI Group during the third quarter valued at approximately $39,000.

GCI Liberty, Inc. – Series A GCI Group Trading Down 2.4%

The firm has a market capitalization of $734.43 million and a price-to-earnings ratio of -2.39. The firm’s 50 day moving average is $35.20 and its 200 day moving average is $35.95. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61.

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

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.