Gabelli Funds LLC Buys 89,361 Shares of GCI Liberty, Inc. – Series C GCI Group $GLIBK

Gabelli Funds LLC raised its stake in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 119.7% in the fourth quarter, Holdings Channel reports. The fund owned 163,986 shares of the company’s stock after acquiring an additional 89,361 shares during the period. Gabelli Funds LLC’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $6,102,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GLIBK. Quarry LP bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at $30,000. FNY Investment Advisers LLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter valued at $33,000. Central Pacific Bank Trust Division bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter valued at $48,000. Amalgamated Bank bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at $50,000. Finally, Highlander Partners L.P. bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter valued at $63,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GLIBK shares. Weiss Ratings cut GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Zacks Research cut GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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

GCI Liberty, Inc. – Series C GCI Group stock opened at $24.92 on Thursday. The stock has a 50-day simple moving average of $34.27 and a 200 day simple moving average of $35.61. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61. GCI Liberty, Inc. – Series C GCI Group has a 12-month low of $24.70 and a 12-month high of $41.17. The stock has a market capitalization of $893.46 million and a price-to-earnings ratio of -2.33.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. On average, research analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current fiscal year.

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.