GABELLI & Co INVESTMENT ADVISERS INC. Purchases 49,283 Shares of GCI Liberty, Inc. – Series C GCI Group $GLIBK

GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 325.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 64,444 shares of the company’s stock after purchasing an additional 49,283 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $2,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GLIBK. Barclays PLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth approximately $119,947,000. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 valued at $84,186,000 after acquiring an additional 2,262,429 shares in the last quarter. Vanguard Group Inc. bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $81,260,000. UBS Group AG bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $77,195,000. Finally, Alberta Investment Management Corp bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $23,480,000.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GLIBK. Zacks Research cut shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a report on Thursday. Weiss Ratings cut shares of GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group currently has an average rating of “Sell”.

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

NASDAQ:GLIBK opened at $25.26 on Monday. The stock has a market cap of $905.65 million and a P/E ratio of -2.36. The firm’s fifty day simple moving average is $35.00 and its 200 day simple moving average is $35.85. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $25.18 and a twelve month high of $41.17. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share 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%. As a group, research analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current year.

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.