GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA) Share Price Breaks Below 200 Day Moving Average - Should You Sell?

Key Points

• GLIBA shares fell below their 200-day moving average, trading as low as $27.13 and last at $27.16, compared with a 200-day average of $28.27.
• The company reported quarterly EPS of $0.68, missing the $0.86 analyst consensus, on revenue of $267 million. Zacks Research upgraded its rating from “strong sell” to “hold,” matching the stock’s consensus rating.
• GCI Liberty announced a quarterly dividend of $0.375 per share, equivalent to $1.50 annually and a stated 5.5% yield.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $28.27 and traded as low as $27.13. GCI Liberty, Inc. - Series A GCI Group shares last traded at $27.16, with a volume of 51,517 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised 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 research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

GCI Liberty, Inc. - Series A GCI Group Trading Down 4.0%

The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.65. The company has a market cap of $779.49 million, a price-to-earnings ratio of 9.81 and a beta of -0.67. The firm has a 50 day moving average price of $23.49 and a two-hundred day moving average price of $28.27.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.18). The company had revenue of $267.00 million during the quarter. GCI Liberty, Inc. - Series A GCI Group had a return on equity of 4.46% and a net margin of 7.36%. As a group, equities analysts forecast that GCI Liberty, Inc. - Series A GCI Group will post 2.36 earnings per share for the current year.

GCI Liberty, Inc. - Series A GCI Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of $0.3750 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Monday, November 30th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of GCI Liberty, Inc. - Series A GCI Group by 110.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,254 shares of the company's stock valued at $29,000 after purchasing an additional 657 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of GCI Liberty, Inc. - Series A GCI Group during the first quarter worth $147,000. Sterling Capital Management LLC increased its position in shares of GCI Liberty, Inc. - Series A GCI Group by 6,245.6% during the third quarter. Sterling Capital Management LLC now owns 4,315 shares of the company's stock worth $100,000 after buying an additional 4,247 shares during the period. WINTON GROUP Ltd bought a new position in GCI Liberty, Inc. - Series A GCI Group during the second quarter worth $210,000. Finally, Gamco Investors INC. ET AL raised its stake in GCI Liberty, Inc. - Series A GCI Group by 8.0% during the first quarter. Gamco Investors INC. ET AL now owns 13,793 shares of the company's stock worth $508,000 after buying an additional 1,023 shares during the last quarter.

GCI Liberty, Inc. - Series A GCI Group Company Profile

GCI Liberty, Inc. was a telecommunications holding company whose primary operating business was GCI, an Alaska-based provider of communications services. Through GCI, the company offered wireless and wireline voice, internet, data, and video services to residential, business, government, and wholesale customers across Alaska. GCI Liberty was formed in 2018 and ceased to operate as a standalone public company after merging with Liberty Broadband in 2020. Its former Series A shares traded on Nasdaq under the symbol GLIBA.

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