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

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

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

Shares of GLIBK traded down $2.03 during mid-day trading on Wednesday, reaching $37.87. The company’s stock had a trading volume of 76,569 shares, compared to its average volume of 401,631. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.77. GCI Liberty, Inc. – Series C GCI Group has a 1-year low of $29.00 and a 1-year high of $40.10. The business’s 50-day moving average price is $36.37. The stock has a market cap of $1.09 billion and a PE ratio of 6.64.

Insiders Place Their Bets

In other GCI Liberty, Inc. – Series C GCI Group news, Director Jedd Gould purchased 15,000 shares of the business’s stock in a transaction on Monday, November 17th. The stock was acquired at an average price of $34.11 per share, with a total value of $511,650.00. Following the acquisition, the director directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

A number of hedge funds have recently bought and sold shares of the business. UBS Group AG bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $77,195,000. Holocene Advisors LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at approximately $22,362,000. Dimensional Fund Advisors LP acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth approximately $20,108,000. Ancora Advisors LLC bought a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth $17,651,000. Finally, Newtyn Management LLC acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $13,623,000.

Analysts Set New Price Targets

Several analysts recently issued reports on GLIBK shares. Zacks Research upgraded GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings cut 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. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

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.