GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Sets New 1-Year Low – Here’s Why

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $20.15 and last traded at $20.2140, with a volume of 486581 shares. The stock had previously closed at $21.23.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GLIBK. Weiss Ratings cut GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research report 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 report on Thursday, May 14th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group presently has an average rating of “Sell”.

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

The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average of $28.16 and a two-hundred day moving average of $33.78. The stock has a market capitalization of $732.06 million and a price-to-earnings ratio of -1.91.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced 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 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 EPS for the current year.

Insider Activity at GCI Liberty, Inc. – Series C GCI Group

In other news, CEO Ronald A. Duncan bought 65,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the acquisition, the chief executive officer directly owned 42,516 shares in the company, valued at approximately $894,536.64. The trade was a -289.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GLIBK. Barclays PLC boosted its holdings in GCI Liberty, Inc. – Series C GCI Group by 5.2% in the 4th quarter. Barclays PLC now owns 3,386,430 shares of the company’s stock valued at $126,009,000 after purchasing an additional 168,113 shares in the last quarter. UBS Group AG raised its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 56.1% during the 4th quarter. UBS Group AG now owns 3,233,608 shares of the company’s stock worth $120,323,000 after buying an additional 1,162,370 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 40.2% during the 4th quarter. Vanguard Group Inc. now owns 3,057,197 shares of the company’s stock worth $113,758,000 after buying an additional 876,902 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock valued at $84,186,000 after buying an additional 2,262,429 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 36.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,504,923 shares of the company’s stock valued at $55,996,000 after buying an additional 398,769 shares during the period.

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

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.