GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Hits New 1-Year Low After Analyst Downgrade

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) shares reached a new 52-week low during mid-day trading on Friday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock traded as low as $25.21 and last traded at $25.34, with a volume of 265985 shares traded. The stock had previously closed at $26.14.

Separately, Weiss Ratings cut GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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

A number of institutional investors have recently modified their holdings of the business. Quantinno Capital Management LP raised its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 64.3% during the 1st quarter. Quantinno Capital Management LP now owns 113,411 shares of the company’s stock worth $4,220,000 after buying an additional 44,368 shares in the last quarter. Lazard Asset Management LLC acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the 1st quarter worth about $2,198,000. Renaissance Technologies LLC raised its position in GCI Liberty, Inc. – Series C GCI Group by 428.7% in the first quarter. Renaissance Technologies LLC now owns 245,300 shares of the company’s stock valued at $9,128,000 after purchasing an additional 198,900 shares during the last quarter. Gabelli Funds LLC raised its position in GCI Liberty, Inc. – Series C GCI Group by 10.8% in the first quarter. Gabelli Funds LLC now owns 181,759 shares of the company’s stock valued at $6,763,000 after purchasing an additional 17,773 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in GCI Liberty, Inc. – Series C GCI Group by 4.1% in the first quarter. Gamco Investors INC. ET AL now owns 98,013 shares of the company’s stock valued at $3,647,000 after purchasing an additional 3,900 shares during the last quarter.

GCI Liberty, Inc. – Series C GCI Group Stock Down 3.4%

The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The stock has a market capitalization of $905.57 million and a P/E ratio of -2.36. The firm has a 50-day simple moving average of $35.00 and a 200 day simple moving average of $35.86.

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

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.