GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Sets New 12-Month Low – Here’s Why

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $24.70 and last traded at $24.92, with a volume of 965554 shares traded. The stock had previously closed at $25.34.

Wall Street Analysts Forecast Growth

GLIBK has been the topic of several recent analyst reports. Zacks Research lowered GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Weiss Ratings downgraded 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. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

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

The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $895.17 million and a price-to-earnings ratio of -2.33. The firm’s fifty day moving average price is $33.81 and its 200 day moving average price is $35.46.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its 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 negative net margin of 31.47% and a positive return on equity of 12.74%. Analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

Institutional Investors Weigh In On GCI Liberty, Inc. – Series C GCI Group

Institutional investors have recently modified their holdings of the company. Amalgamated Bank acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $50,000. Covestor Ltd acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $203,000. LB Partners LLC purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $284,000. Cheviot Value Management LLC purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $949,000. Finally, Whittier Trust Co. acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $64,000.

GCI Liberty, Inc. – Series C GCI Group Company Profile

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.