74,625 Shares in GCI Liberty, Inc. – Series C GCI Group $GLIBK Bought by Gabelli Funds LLC

Gabelli Funds LLC acquired a new position in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 74,625 shares of the company’s stock, valued at approximately $2,781,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at about $31,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth about $48,000. JTC Employer Solutions Trustee Ltd purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $49,000. Amalgamated Bank purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $50,000. Finally, Whittier Trust Co. acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at approximately $64,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GLIBK shares. Weiss Ratings raised GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, February 12th. Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group presently has an average rating of “Hold”.

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

NASDAQ:GLIBK opened at $36.84 on Wednesday. The firm has a market capitalization of $1.32 billion and a P/E ratio of 5.31. GCI Liberty, Inc. – Series C GCI Group has a one year low of $29.00 and a one year high of $41.17. The stock has a 50-day moving average price of $38.12. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.62.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.24. The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $264.00 million.

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

GCI Liberty Inc is an American holding company whose principal operating asset is a majority ownership interest in General Communication Inc, the largest integrated telecommunications provider in the state of Alaska. GCI Liberty was formed in December 2019 as a tracking stock of Liberty Interactive Group to hold certain communications and digital media investments. Its shares trade on the NASDAQ under the ticker symbol GLIBK.

Through its subsidiary, the company delivers high-speed broadband internet, cable and direct-to-home video distribution, fixed voice, and mobile wireless services to residential customers across Alaska.