GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Releases Quarterly Earnings Results, Misses Estimates By $0.76 EPS

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) announced its quarterly earnings results on Thursday. The company reported $0.45 earnings per share (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 Stock Performance

Shares of NASDAQ GLIBK traded down $0.51 during midday trading on Friday, hitting $26.26. 1,559,640 shares of the stock traded hands, compared to its average volume of 529,139. The firm has a market capitalization of $938.98 million and a P/E ratio of -2.45. GCI Liberty, Inc. – Series C GCI Group has a one year low of $25.33 and a one year high of $41.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.14 and a current ratio of 3.14. The firm has a 50-day moving average of $36.47 and a two-hundred day moving average of $36.25.

Institutional Trading of GCI Liberty, Inc. – Series C GCI Group

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $1,886,000. US Bancorp DE bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $79,000. Dimensional Fund Advisors LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $20,108,000. Korea Investment CORP purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $343,000. Finally, Russell Investments Group Ltd. bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $7,437,000.

Analyst Ratings Changes

Several equities research analysts recently commented on GLIBK shares. Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group has a consensus rating of “Reduce”.

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.