GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) Hits New 52-Week Low Following Weak Earnings

Key Points

• Q4 EPS miss: GCI Liberty reported EPS of $0.45 vs. $1.21 expected (miss by $0.76) on $256.0M revenue, which sent the stock to a new 52-week low.
• Shares fell as low as $26.40 and last traded at $27.16 (previous close $33.25), down about 18.3%; the company has a market cap of ~$779.5M, a low PE of 3.91, strong liquidity (quick/current ratios 3.14) and a debt/equity of 0.62.
• Despite the miss, the consensus analyst rating is Hold (Zacks upgraded to Hold) and several hedge funds recently initiated or increased positions, including Crossingbridge, Vanguard, Luxor, Gotham and Dimensional.

Shares of GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) hit a new 52-week low during mid-day trading on Friday following a weaker than expected earnings announcement. The company traded as low as $26.40 and last traded at $27.16, with a volume of 195478 shares traded. The stock had previously closed at $33.25.

The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $1.21 by ($0.76). The firm had revenue of $256.00 million during the quarter.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded GCI Liberty, Inc. - Series A GCI Group to a "hold" rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, GCI Liberty, Inc. - Series A GCI Group presently has a consensus rating of "Hold".

Hedge Funds Weigh In On GCI Liberty, Inc. - Series A GCI Group

A number of hedge funds have recently bought and sold shares of the business. Crossingbridge Advisors LLC purchased a new position in GCI Liberty, Inc. - Series A GCI Group during the third quarter worth approximately $14,499,000. Vanguard Group Inc. purchased a new position in GCI Liberty, Inc. - Series A GCI Group during the third quarter worth approximately $11,733,000. Dimensional Fund Advisors LP boosted its position in GCI Liberty, Inc. - Series A GCI Group by 29.7% during the first quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company's stock worth $5,682,000 after purchasing an additional 35,340 shares in the last quarter. Luxor Capital Group LP purchased a new position in GCI Liberty, Inc. - Series A GCI Group during the third quarter worth approximately $4,410,000. Finally, Gotham Asset Management LLC boosted its position in GCI Liberty, Inc. - Series A GCI Group by 103.2% during the fourth quarter. Gotham Asset Management LLC now owns 116,625 shares of the company's stock worth $4,300,000 after purchasing an additional 59,235 shares in the last quarter.

GCI Liberty, Inc. - Series A GCI Group Stock Down 18.3%

The company has a market cap of $779.49 million and a PE ratio of 3.91. The business has a 50-day simple moving average of $36.66 and a 200-day simple moving average of $36.33. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.62.

About GCI Liberty, Inc. - Series A GCI Group

GCI Liberty, Inc, together with its subsidiaries, provides various communication services in the United States. The company offers data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services. The company is based in Englewood, Colorado.

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