GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Announces Earnings Results

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) announced its quarterly earnings data on Thursday. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76), Zacks reports. GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 13.16%.

GCI Liberty, Inc. – Series C GCI Group Trading Down 1.9%

GLIBK stock traded down $0.51 during midday trading on Friday, reaching $26.26. The company’s stock had a trading volume of 1,559,640 shares, compared to its average volume of 529,139. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $25.33 and a 52 week high of $41.17. The stock has a market cap of $938.98 million and a PE ratio of -2.45. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.62. The business’s 50-day simple moving average is $36.47 and its 200-day simple moving average is $36.25.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GLIBK. 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. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. bought a new position in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at approximately $9,550,000. Invesco Ltd. boosted its stake in GCI Liberty, Inc. – Series C GCI Group by 10.3% during the 4th quarter. Invesco Ltd. now owns 132,885 shares of the company’s stock worth $4,945,000 after acquiring an additional 12,404 shares during the last quarter. Beartown Capital Management LLC bought a new position in GCI Liberty, Inc. – Series C GCI Group during the 4th quarter worth approximately $372,000. Elliott Investment Management L.P. boosted its stake in GCI Liberty, Inc. – Series C GCI Group by 38.4% during the 4th quarter. Elliott Investment Management L.P. now owns 659,928 shares of the company’s stock worth $24,556,000 after acquiring an additional 183,033 shares during the last quarter. Finally, KKM Financial LLC bought a new position in GCI Liberty, Inc. – Series C GCI Group during the 4th quarter worth approximately $4,474,000.

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.