GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Shares Gap Up – Time to Buy?

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK)’s share price gapped up before the market opened on Monday . The stock had previously closed at $26.26, but opened at $28.38. GCI Liberty, Inc. – Series C GCI Group shares last traded at $29.4450, with a volume of 136,626 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on GLIBK. Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings cut 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, May 7th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

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

The stock has a 50-day moving average of $35.77 and a 200 day moving average of $36.07. The firm has a market capitalization of $1.01 billion and a P/E ratio of -2.62. 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 (NASDAQ:GLIBK) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. On average, research analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 4.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $119,947,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock worth $84,186,000 after acquiring an additional 2,262,429 shares during the last quarter. Vanguard Group Inc. acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth approximately $81,260,000. UBS Group AG acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth approximately $77,195,000. Finally, BROOKFIELD Corp ON bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter valued at approximately $27,029,000.

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.