GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK)’s stock price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $28.11 and traded as low as $27.34. GCI Liberty, Inc. – Series C GCI Group shares last traded at $27.39, with a volume of 371,109 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings upgraded GCI Liberty, Inc. – Series C GCI Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Wall Street Zen upgraded GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research report on Saturday, October 17th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group presently has a consensus rating of “Reduce”.

GCI Liberty, Inc. – Series C GCI Group Trading Down 3.6%

The firm has a market capitalization of $981.93 million, a P/E ratio of 9.89 and a beta of -0.86. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.65. The firm’s 50-day simple moving average is $23.55 and its 200-day simple moving average is $28.11.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.18). GCI Liberty, Inc. – Series C GCI Group had a return on equity of 4.46% and a net margin of 7.36%. Analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 2.36 EPS for the current year.

GCI Liberty, Inc. – Series C GCI Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.3750 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Monday, November 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLIBK. Bleakley Financial Group LLC purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at about $409,000. First Trust Advisors LP lifted its stake in GCI Liberty, Inc. – Series C GCI Group by 74.3% during the third quarter. First Trust Advisors LP now owns 54,283 shares of the company’s stock worth $1,259,000 after purchasing an additional 23,140 shares during the last quarter. Hi Line Capital Management LLC boosted its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 0.4% in the 3rd quarter. Hi Line Capital Management LLC now owns 143,739 shares of the company’s stock worth $3,335,000 after purchasing an additional 575 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 510.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 192,162 shares of the company’s stock worth $4,458,000 after purchasing an additional 160,691 shares in the last quarter. Finally, Commonwealth Equity Services LLC purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth about $263,000.

About GCI Liberty, Inc. – Series C GCI Group

GCI Liberty, Inc. – Series C GCI Group (NASDAQ: GLIBK) was a tracking stock associated with GCI Liberty’s GCI Group, rather than a separate operating business. The group’s principal business was GCI, an Alaska-based telecommunications provider serving residential, business, government and educational customers. GCI offered wireless and wireline communications, broadband internet, video, voice and data services. Its network and services served communities across Alaska, including areas where telecommunications infrastructure can be challenging to build and maintain.