GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Hits New 52-Week Low – What’s Next?

Shares of GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) hit a new 52-week low on Tuesday . The stock traded as low as $24.32 and last traded at $24.42, with a volume of 12903 shares. The stock had previously closed at $24.98.

Analysts Set New Price Targets

Separately, Zacks Research downgraded GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

GCI Liberty, Inc. – Series A GCI Group Trading Up 0.6%

The company’s 50 day moving average price is $32.89 and its 200 day moving average price is $35.22. The company has a market cap of $668.42 million and a price-to-earnings ratio of 3.13. 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 A GCI Group (NASDAQ:GLIBA) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share (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 during the quarter. Research analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current year.

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

A number of institutional investors and hedge funds have recently modified their holdings of GLIBA. Quantinno Capital Management LP boosted its holdings in shares of GCI Liberty, Inc. – Series A GCI Group by 78.9% during the 1st quarter. Quantinno Capital Management LP now owns 128,543 shares of the company’s stock worth $4,737,000 after buying an additional 56,675 shares during the period. Gabelli Funds LLC raised its holdings in GCI Liberty, Inc. – Series A GCI Group by 6.1% in the 1st quarter. Gabelli Funds LLC now owns 22,010 shares of the company’s stock worth $811,000 after acquiring an additional 1,260 shares during the period. Gamco Investors INC. ET AL lifted its position in GCI Liberty, Inc. – Series A GCI Group by 8.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company’s stock worth $508,000 after acquiring an additional 1,023 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in GCI Liberty, Inc. – Series A GCI Group during the 1st quarter worth $147,000. Finally, Dimensional Fund Advisors LP boosted its holdings in GCI Liberty, Inc. – Series A GCI Group by 29.7% during the first quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company’s stock valued at $5,682,000 after acquiring an additional 35,340 shares during the period.

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.