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

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 1,234,585 shares, a growth of 27.2% from the February 26th total of 970,738 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average trading volume of 436,101 shares, the days-to-cover ratio is presently 2.8 days.

Analyst Ratings Changes

GLIBK has been the topic of several recent research reports. Weiss Ratings raised shares of GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, February 12th. Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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

A number of large investors have recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $48,000. ARS Investment Partners LLC purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $298,000. Western Pacific Wealth Management LP purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $31,000. KLP Kapitalforvaltning AS bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth about $180,000. Finally, JTC Employer Solutions Trustee Ltd bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth about $49,000.

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

GCI Liberty, Inc. – Series C GCI Group stock traded up $0.06 during trading hours on Monday, reaching $36.84. The company had a trading volume of 28,486 shares, compared to its average volume of 436,021. 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 12-month low of $29.00 and a 12-month high of $41.17. The stock has a 50-day simple moving average of $37.84. The stock has a market cap of $1.32 billion and a price-to-earnings ratio of 5.33.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its quarterly earnings data on Wednesday, February 11th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.24. The company had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $264.00 million.

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.