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

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) released its quarterly earnings results on Thursday. The company reported $0.45 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 Price Performance

Shares of NASDAQ GLIBK traded down $0.51 during trading on Friday, hitting $26.26. The company had a trading volume of 1,559,640 shares, compared to its average volume of 529,139. The stock has a fifty day simple moving average of $36.47 and a two-hundred day simple moving average of $36.25. GCI Liberty, Inc. – Series C GCI Group has a fifty-two week low of $25.33 and a fifty-two week high of $41.17. The firm has a market capitalization of $938.98 million and a price-to-earnings ratio of -2.45. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.62.

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

Several institutional investors have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at about $9,550,000. Invesco Ltd. lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 10.3% in the fourth quarter. Invesco Ltd. now owns 132,885 shares of the company’s stock worth $4,945,000 after buying an additional 12,404 shares in the last quarter. Beartown Capital Management LLC purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter worth about $372,000. Elliott Investment Management L.P. lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 38.4% in the fourth quarter. Elliott Investment Management L.P. now owns 659,928 shares of the company’s stock worth $24,556,000 after buying an additional 183,033 shares in the last quarter. Finally, KKM Financial LLC purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter worth about $4,474,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on GLIBK. Weiss Ratings lowered shares of GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company 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.