GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) Hits New 52-Week Low - What's Next?

Key Points

• GLIBA shares hit a new 52-week low, falling to $19.61 from a prior close of $20.08. The stock remained well below its 50-day and 200-day moving averages of $25.11 and $26.52, respectively.
• Analysts maintain a cautious outlook: Zacks upgraded the stock from “strong sell” to “hold,” while the broader consensus remains “Hold.” The company’s latest quarterly earnings of $0.40 per share missed estimates of $1.15.
• Insider and institutional activity was generally supportive, with John Malone buying shares and insiders acquiring 543,232 shares over three months; several investment firms also increased their positions.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday. The company traded as low as $19.61 and last traded at $19.61, with a volume of 70,062 shares. The stock had previously closed at $20.08.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of GCI Liberty, Inc. - Series A GCI Group from a "strong sell" rating to a "hold" rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

GCI Liberty, Inc. - Series A GCI Group Stock Performance

The stock has a market cap of $562.81 million, a price-to-earnings ratio of -1.74 and a beta of -0.70. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37. The firm has a fifty day moving average of $25.11 and a 200 day moving average of $26.52.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $1.15 by ($0.75). The company had revenue of $261.00 million for the quarter. GCI Liberty, Inc. - Series A GCI Group had a positive return on equity of 11.56% and a negative net margin of 32.53%. As a group, sell-side analysts forecast that GCI Liberty, Inc. - Series A GCI Group will post 2.58 EPS for the current year.

Insider Activity

In related news, Director John Malone purchased 1,000 shares of GCI Liberty, Inc. - Series A GCI Group stock in a transaction dated Thursday, August 13th. The shares were acquired at an average price of $26.00 per share, for a total transaction of $26,000.00. Following the acquisition, the director directly owned 2,559,752 shares in the company, valued at approximately $66,553,552. The trade was a 0.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders acquired 543,232 shares of company stock valued at $13,582,081. 7.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GLIBA. State Street Corp grew its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 159.2% in the second quarter. State Street Corp now owns 175,280 shares of the company's stock valued at $3,839,000 after purchasing an additional 107,649 shares during the period. Quantinno Capital Management LP raised its stake in GCI Liberty, Inc. - Series A GCI Group by 78.9% during the first quarter. Quantinno Capital Management LP now owns 128,543 shares of the company's stock worth $4,737,000 after purchasing an additional 56,675 shares during the period. Dimensional Fund Advisors LP raised its stake 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 during the period. Wedmont Private Capital purchased a new position in GCI Liberty, Inc. - Series A GCI Group during the third quarter worth about $336,000. Finally, WINTON GROUP Ltd acquired a new position in GCI Liberty, Inc. - Series A GCI Group in the 2nd quarter valued at about $210,000.

About GCI Liberty, Inc. - Series A GCI Group

GCI Liberty, Inc was a holding company whose Series A GCI Group tracking stock represented an interest in GCI Holdings, LLC, an Alaska-based telecommunications and media company. GCI Liberty was formed in 2018 through the separation of GCI Holdings from Liberty Interactive Corporation.

Through GCI Holdings, the company provided wireless communications, broadband internet, video, voice, data networking, and managed services. GCI served residential, business, government, and wholesale customers across Alaska, including communities where telecommunications infrastructure can be difficult to develop.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.