Weitz Investment Management Inc. Invests $3.73 Million in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Weitz Investment Management Inc. purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 100,100 shares of the company’s stock, valued at approximately $3,731,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Western Pacific Wealth Management LP acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at approximately $31,000. Bartlett & CO. Wealth Management LLC purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $48,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $49,000. Amalgamated Bank acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $50,000. Finally, Whittier Trust Co. acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at approximately $64,000.

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

Shares of GLIBK stock opened at $39.15 on Wednesday. The business’s fifty day moving average is $37.77. The firm has a market cap of $1.40 billion and a price-to-earnings ratio of 5.64. GCI Liberty, Inc. – Series C GCI Group has a 1-year low of $29.00 and a 1-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.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.00 by $0.24. The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $264.00 million.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GLIBK shares. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings upgraded GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, February 12th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group currently has an average rating of “Hold”.

GCI Liberty, Inc. – Series C GCI Group 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.