GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Reaches New 52-Week Low – Time to Sell?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $23.64 and last traded at $23.66, with a volume of 1184972 shares trading hands. The stock had previously closed at $24.97.

Analysts Set New Price Targets

GLIBK has been the topic of several recent analyst reports. Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. 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. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group currently has a consensus rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group Trading Down 5.2%

The company has a 50 day moving average price of $33.31 and a 200 day moving average price of $35.29. The firm has a market cap of $848.21 million and a price-to-earnings ratio of -2.21. 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 announced its quarterly 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, research analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current year.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 50.9% in the 1st quarter. Bank of America Corp DE now owns 200,832 shares of the company’s stock valued at $7,473,000 after buying an additional 67,739 shares during the period. Amundi purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 1st quarter valued at $2,818,000. California State Teachers Retirement System raised its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 40.0% in the 1st quarter. California State Teachers Retirement System now owns 42,820 shares of the company’s stock valued at $1,593,000 after buying an additional 12,244 shares during the period. Quantinno Capital Management LP raised its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 64.3% in the 1st quarter. Quantinno Capital Management LP now owns 113,411 shares of the company’s stock valued at $4,220,000 after buying an additional 44,368 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 1st quarter valued at $2,198,000.

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.