Gamco Investors INC. ET AL Buys 48,235 Shares of GCI Liberty, Inc. – Series C GCI Group $GLIBK

Gamco Investors INC. ET AL lifted its stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 105.1% during the 4th quarter, Holdings Channel reports. The firm owned 94,113 shares of the company’s stock after acquiring an additional 48,235 shares during the period. Gamco Investors INC. ET AL’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $3,502,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Quarry LP bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth $30,000. FNY Investment Advisers LLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth $33,000. Central Pacific Bank Trust Division bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth $48,000. Amalgamated Bank bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth $50,000. Finally, KBC Group NV boosted its position in shares of GCI Liberty, Inc. – Series C GCI Group by 202.2% in the 4th quarter. KBC Group NV now owns 2,245 shares of the company’s stock worth $84,000 after purchasing an additional 1,502 shares during the last quarter.

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

GLIBK opened at $24.92 on Thursday. The business’s 50-day simple moving average is $34.27 and its 200 day simple moving average is $35.61. The firm has a market capitalization of $893.46 million and a PE ratio of -2.33. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31. GCI Liberty, Inc. – Series C GCI Group has a 52-week low of $24.70 and a 52-week high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. As a group, sell-side analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

GLIBK has been the topic of several recent research reports. Zacks Research lowered GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. Weiss Ratings downgraded GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group has a consensus rating of “Sell”.

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.