GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Releases Quarterly Earnings Results, Misses Estimates By $0.76 EPS

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) issued its quarterly earnings data on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.76), Zacks reports. GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 13.16%.

GCI Liberty, Inc. – Series C GCI Group Stock Down 1.9%

NASDAQ:GLIBK traded down $0.51 during trading hours on Friday, reaching $26.26. 1,559,640 shares of the stock were exchanged, compared to its average volume of 529,139. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $25.33 and a twelve month high of $41.17. 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 firm has a 50 day moving average of $36.47 and a 200 day moving average of $36.25. The stock has a market cap of $939.06 million and a PE ratio of 3.55.

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

A number of large investors have recently bought and sold shares of GLIBK. UBS Group AG acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at approximately $77,195,000. BROOKFIELD Corp ON acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at approximately $27,029,000. Bamco Inc. NY acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at approximately $25,356,000. Holocene Advisors LP acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at approximately $22,362,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 105.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,106,154 shares of the company’s stock valued at $41,157,000 after buying an additional 566,536 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on GLIBK. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings downgraded GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

About GCI Liberty, Inc. – Series C GCI Group

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.