Short Interest in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Expands By 27.2%

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 1,234,585 shares, an increase of 27.2% from the February 26th total of 970,738 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average trading volume of 436,101 shares, the days-to-cover ratio is currently 2.8 days.

Wall Street Analyst Weigh In

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

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $30,000. Western Pacific Wealth Management LP acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at about $31,000. FNY Investment Advisers LLC bought a new position in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter worth approximately $33,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth $48,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at $48,000.

GCI Liberty, Inc. – Series C GCI Group Stock Up 1.4%

Shares of GCI Liberty, Inc. – Series C GCI Group stock opened at $37.21 on Wednesday. The company has a market capitalization of $1.33 billion and a PE ratio of 5.36. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $29.00 and a twelve month high of $41.17. The business has a fifty day simple moving average of $37.82. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.62.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its 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 analyst estimates of $264.00 million.

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.