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

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) issued its quarterly earnings results on Wednesday. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24, Zacks reports.

GCI Liberty, Inc. – Series C GCI Group Trading Down 4.7%

GCI Liberty, Inc. – Series C GCI Group stock traded down $1.89 during midday trading on Wednesday, reaching $38.01. The company’s stock had a trading volume of 132,693 shares, compared to its average volume of 403,527. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $29.00 and a 52 week high of $40.10. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.09 billion and a PE ratio of 6.67. The firm’s 50-day moving average is $36.37.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GLIBK. Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 29th. Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group has a consensus rating of “Reduce”.

Insider Transactions at GCI Liberty, Inc. – Series C GCI Group

In other news, Director Jedd Gould purchased 15,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were purchased at an average cost of $34.11 per share, with a total value of $511,650.00. Following the completion of the purchase, the director owned 15,051 shares of the company’s stock, valued at $513,389.61. This trade represents a 29,411.76% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Institutional Investors Weigh In On GCI Liberty, Inc. – Series C GCI Group

Several hedge funds and other institutional investors have recently modified their holdings of GLIBK. Quarry LP acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at about $30,000. State of Wyoming bought a new position in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at about $73,000. US Bancorp DE acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $79,000. CIBC Private Wealth Group LLC bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $142,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $171,000.

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.