GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Reaches New 12-Month Low – What’s Next?

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $24.32 and last traded at $24.42, with a volume of 12903 shares changing hands. The stock had previously closed at $24.98.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of GCI Liberty, Inc. – Series A GCI Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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

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 stock’s 50-day simple moving average is $33.70 and its 200 day simple moving average is $35.47. The stock has a market capitalization of $681.05 million and a P/E ratio of -2.22.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series A GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%.The company had revenue of $256.00 million for the quarter. Research analysts expect that GCI Liberty, Inc. – Series A GCI Group will post 3.36 EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GLIBA. New York State Common Retirement Fund bought a new position in GCI Liberty, Inc. – Series A GCI Group during the third quarter worth $84,000. AlphaQuest LLC bought a new position in GCI Liberty, Inc. – Series A GCI Group during the third quarter worth $31,000. Oppenheimer Asset Management Inc. bought a new position in GCI Liberty, Inc. – Series A GCI Group during the third quarter worth $462,000. S&CO Inc. bought a new position in GCI Liberty, Inc. – Series A GCI Group during the third quarter worth $387,000. Finally, Rhumbline Advisers bought a new position in GCI Liberty, Inc. – Series A GCI Group during the third quarter worth $122,000.

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

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.