Gamco Investors INC. ET AL Makes New Investment in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Gamco Investors INC. ET AL acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 45,878 shares of the company’s stock, valued at approximately $1,710,000.

Several other large investors have also modified their holdings of GLIBK. Western Pacific Wealth Management LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth $31,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $48,000. JTC Employer Solutions Trustee Ltd purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at $49,000. Amalgamated Bank purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at $50,000. Finally, Whittier Trust Co. acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $64,000.

Analysts Set New Price Targets

GLIBK has been the topic of a number of analyst reports. Weiss Ratings raised GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, February 12th. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, 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 business’s 50 day moving average price is $38.12. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.14 and a current ratio of 3.14. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $29.00 and a twelve month high of $41.17. The stock has a market cap of $1.32 billion and a PE ratio of 5.31.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its earnings results on Wednesday, February 11th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.24. The business had revenue of $262.00 million during the quarter, compared to analysts’ expectations 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.