GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Share Price Breaks Below 200 Day Moving Average – Should You Sell?

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $28.27 and traded as low as $27.13. GCI Liberty, Inc. – Series A GCI Group shares last traded at $27.16, with a volume of 51,517 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised GCI Liberty, Inc. – Series A GCI Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, GCI Liberty, Inc. – Series A GCI Group presently has an average rating of “Hold”.

GCI Liberty, Inc. – Series A GCI Group Trading Down 4.0%

The firm’s 50-day moving average price is $23.49 and its 200 day moving average price is $28.27. The company has a market cap of $779.49 million, a price-to-earnings ratio of 9.81 and a beta of -0.67. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.65.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last released its earnings results on Thursday, November 5th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.18). GCI Liberty, Inc. – Series A GCI Group had a net margin of 7.36% and a return on equity of 4.46%. The company had revenue of $267.00 million for the quarter. As a group, equities analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 2.36 EPS for the current year.

GCI Liberty, Inc. – Series A GCI Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.3750 per share. The ex-dividend date is Monday, November 30th. This represents a $1.50 annualized dividend and a dividend yield of 5.5%.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its stake in shares of GCI Liberty, Inc. – Series A GCI Group by 110.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,254 shares of the company’s stock valued at $29,000 after buying an additional 657 shares during the period. Sterling Capital Management LLC increased its position in GCI Liberty, Inc. – Series A GCI Group by 6,245.6% in the 3rd quarter. Sterling Capital Management LLC now owns 4,315 shares of the company’s stock valued at $100,000 after buying an additional 4,247 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in GCI Liberty, Inc. – Series A GCI Group in the 1st quarter valued at about $147,000. WINTON GROUP Ltd bought a new stake in GCI Liberty, Inc. – Series A GCI Group in the 2nd quarter valued at about $210,000. Finally, Wedmont Private Capital acquired a new position in GCI Liberty, Inc. – Series A GCI Group during the 3rd quarter worth approximately $336,000.

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

GCI Liberty, Inc. was a telecommunications holding company whose primary operating business was GCI, an Alaska-based provider of communications services. Through GCI, the company offered wireless and wireline voice, internet, data, and video services to residential, business, government, and wholesale customers across Alaska. GCI Liberty was formed in 2018 and ceased to operate as a standalone public company after merging with Liberty Broadband in 2020. Its former Series A shares traded on Nasdaq under the symbol GLIBA.