GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) Sets New 52-Week Low - Here's Why

Key Points

• GLIBA shares hit a new 52-week low, falling to $19.40 and closing near $19.47, down 2.7% from the previous close. The stock trades well below its 50-day and 200-day moving averages.
• The company’s latest quarterly results missed expectations, with earnings per share of $0.40 versus the $1.15 consensus estimate, alongside a negative net margin of 32.53%.
• Despite the decline, analyst sentiment is currently “Hold”, while insiders have purchased more than 543,000 shares over the past 90 days; institutional investors also increased several positions.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) shares reached a new 52-week low during trading on Wednesday. The company traded as low as $19.40 and last traded at $19.47, with a volume of 26,960 shares trading hands. The stock had previously closed at $20.14.

Analyst Upgrades and Downgrades

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 note on Monday, October 5th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, GCI Liberty, Inc. - Series A GCI Group presently has a consensus rating of "Hold".

GCI Liberty, Inc. - Series A GCI Group Stock Down 2.7%

The stock has a 50-day moving average price of $24.49 and a 200-day moving average price of $25.70. 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 company has a market capitalization of $562.35 million, a P/E ratio of -1.74 and a beta of -0.70.

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

Insider Transactions at GCI Liberty, Inc. - Series A GCI Group

In other 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 stock was purchased at an average cost of $26.00 per share, for a total transaction of $26,000.00. Following the transaction, the director directly owned 2,559,752 shares of the company's stock, valued at approximately $66,553,552. This trade represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders bought 543,232 shares of company stock worth $13,582,081. Corporate insiders own 7.87% of the company's stock.

Institutional Investors Weigh In On GCI Liberty, Inc. - Series A GCI Group

A number of large investors have recently made changes to their positions in the business. Wedmont Private Capital bought a new position in GCI Liberty, Inc. - Series A GCI Group during the 3rd quarter valued at approximately $336,000. State Street Corp increased its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 159.2% during the second quarter. State Street Corp now owns 175,280 shares of the company's stock valued at $3,839,000 after acquiring an additional 107,649 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of GCI Liberty, Inc. - Series A GCI Group in the 2nd quarter worth about $210,000. Quantinno Capital Management LP lifted its stake in shares of GCI Liberty, Inc. - Series A GCI Group by 78.9% in the first quarter. Quantinno Capital Management LP now owns 128,543 shares of the company's stock worth $4,737,000 after buying an additional 56,675 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in GCI Liberty, Inc. - Series A GCI Group by 6.1% during the 1st quarter. Gabelli Funds LLC now owns 22,010 shares of the company's stock valued at $811,000 after purchasing an additional 1,260 shares during the last quarter.

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.

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