GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Sets New 1-Year Low – Should You Sell?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK)’s stock price reached 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 trading hands. The stock had previously closed at $25.34.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Zacks Research cut GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. Weiss Ratings cut 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, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

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

The stock has a market capitalization of $893.46 million and a PE ratio of -2.33. The stock’s 50 day moving average is $34.27 and its two-hundred day moving average is $35.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current 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 analysts’ consensus estimates 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%. On average, equities analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GLIBK. Versor Investments LP purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $2,657,000. Barclays PLC purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $119,947,000. Luxor Capital Group LP purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $10,846,000. Vanguard Group Inc. purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $81,260,000. Finally, Alberta Investment Management Corp purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $23,480,000.

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.