GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Sees Large Decline in Short Interest

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 981,427 shares, a decrease of 38.2% from the December 15th total of 1,587,837 shares. Based on an average daily volume of 814,066 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.4% of the company’s stock are sold short. Approximately 3.4% of the company’s stock are sold short. Based on an average daily volume of 814,066 shares, the days-to-cover ratio is currently 1.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut GCI Liberty, Inc. – Series C GCI Group from a “buy (b-)” rating to a “hold (c-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

GCI Liberty, Inc. – Series C GCI Group Stock Down 2.6%

NASDAQ:GLIBK traded down $1.01 on Friday, reaching $37.50. The stock had a trading volume of 386,759 shares, compared to its average volume of 482,571. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $1.08 billion and a P/E ratio of 6.58. GCI Liberty, Inc. – Series C GCI Group has a 1-year low of $29.00 and a 1-year high of $39.19. The stock’s fifty day simple moving average is $35.04.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($13.34) EPS for the quarter.

Insider Buying and Selling at GCI Liberty, Inc. – Series C GCI Group

In related news, Director Jedd Gould bought 15,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were bought at an average cost of $34.11 per share, for a total transaction of $511,650.00. Following the completion of the acquisition, the director directly owned 15,051 shares in the company, valued at approximately $513,389.61. This represents a 29,411.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

Large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter valued at $33,000. Hara Capital LLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth $1,808,000. Central Pacific Bank Trust Division acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth $48,000. JPMorgan Chase & Co. bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $1,886,000. Finally, Tudor Investment Corp ET AL acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $846,000.

About GCI Liberty, Inc. – Series C GCI Group

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.