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

Weitz Investment Management Inc. bought a new stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 100,100 shares of the company’s stock, valued at approximately $3,731,000. Weitz Investment Management Inc. owned approximately 0.35% of GCI Liberty, Inc. – Series C GCI Group at the end of the most recent reporting period.

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

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

Shares of GLIBK stock opened at $39.15 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.14 and a quick ratio of 3.14. The business’s 50-day simple moving average is $37.77. GCI Liberty, Inc. – Series C GCI Group has a fifty-two week low of $29.00 and a fifty-two week high of $41.17. The stock has a market capitalization of $1.40 billion and a price-to-earnings ratio of 5.64.

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

Analyst Ratings Changes

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

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.