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

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

Separately, Weiss Ratings downgraded 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 investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Quantinno Capital Management LP raised its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 64.3% in the first quarter. Quantinno Capital Management LP now owns 113,411 shares of the company’s stock valued at $4,220,000 after acquiring an additional 44,368 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the first quarter valued at approximately $2,198,000. Renaissance Technologies LLC raised its stake in shares of 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 acquiring an additional 198,900 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of 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 acquiring an additional 17,773 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of 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 acquiring an additional 3,900 shares during the last quarter.

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

The business’s 50 day moving average price is $35.00 and its 200-day moving average price is $35.86. 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 company has a market cap of $905.57 million and a P/E ratio of -2.36.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) 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%. On average, analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current fiscal 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.