GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Announces Quarterly Earnings Results, Beats Expectations By $0.24 EPS

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

GCI Liberty, Inc. – Series C GCI Group Stock Down 5.1%

GCI Liberty, Inc. – Series C GCI Group stock traded down $2.03 during trading hours on Wednesday, hitting $37.87. The stock had a trading volume of 76,569 shares, compared to its average volume of 401,631. The business has a 50 day moving average of $36.37. GCI Liberty, Inc. – Series C GCI Group has a one year low of $29.00 and a one year high of $40.10. The company has a market capitalization of $1.09 billion and a PE ratio of 6.64. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.77.

Analyst Ratings Changes

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

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

In other GCI Liberty, Inc. – Series C GCI Group news, Director Jedd Gould bought 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average cost of $34.11 per share, for a total transaction of $511,650.00. Following the transaction, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

A number of hedge funds have recently modified their holdings of the business. Prelude Capital Management LLC acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $2,091,000. BNP Paribas Financial Markets bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $1,837,000. Legal & General Group Plc bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $920,000. Algert Global LLC acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $709,000. Finally, Mirabella Financial Services LLP bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $559,000.

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.