GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Sets New 12-Month Low – Time to Sell?

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GLIBK shares. Zacks Research lowered shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. Weiss Ratings downgraded GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group presently has a consensus rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group Stock Down 4.4%

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 business has a fifty day simple moving average of $28.80 and a two-hundred day simple moving average of $33.96. The company has a market capitalization of $727.76 million and a price-to-earnings ratio of -1.90.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Ronald A. Duncan acquired 65,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were bought at an average cost of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the acquisition, the chief executive officer owned 42,516 shares of the company’s stock, valued at $894,536.64. This trade represents a -289.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GLIBK. Barclays PLC acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $119,947,000. Northwestern Mutual Wealth Management Co. boosted 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 worth $84,186,000 after acquiring an additional 2,262,429 shares in the last quarter. Vanguard Group Inc. acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $81,260,000. UBS Group AG acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $77,195,000. Finally, BROOKFIELD Corp ON acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth approximately $27,029,000.

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.