GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Announces Quarterly Earnings Results, Misses Estimates By $0.75 EPS

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBKGet Free Report) announced its quarterly earnings data on Thursday. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.75), Zacks reports. GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%.

GCI Liberty, Inc. – Series C GCI Group Trading Up 2.0%

Shares of GLIBK stock traded up $0.46 on Thursday, hitting $23.95. 423,192 shares of the company’s stock traded hands, compared to its average volume of 480,204. The stock has a market capitalization of $858.61 million and a price-to-earnings ratio of -2.24. The company’s fifty day simple moving average is $21.88 and its 200 day simple moving average is $30.51. GCI Liberty, Inc. – Series C GCI Group has a one year low of $19.30 and a one year high of $41.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31.

Insiders Place Their Bets

In other GCI Liberty, Inc. – Series C GCI Group news, CEO Ronald A. Duncan purchased 65,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average cost of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the transaction, the chief executive officer directly owned 42,516 shares in the company, valued at approximately $894,536.64. This represents a -289.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GLIBK. Quarry LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth about $30,000. Deutsche Bank AG raised its holdings in shares of GCI Liberty, Inc. – Series C GCI Group by 70.8% during the fourth quarter. Deutsche Bank AG now owns 4,276 shares of the company’s stock valued at $159,000 after acquiring an additional 1,772 shares in the last quarter. State of Wyoming bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter valued at approximately $73,000. US Bancorp DE purchased a new stake in GCI Liberty, Inc. – Series C GCI Group in the third quarter worth $79,000. Finally, Police & Firemen s Retirement System of New Jersey lifted its stake in GCI Liberty, Inc. – Series C GCI Group by 26.3% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 12,310 shares of the company’s stock worth $458,000 after acquiring an additional 2,566 shares during the period.

Wall Street Analysts Forecast Growth

GLIBK has been the topic of several analyst reports. Zacks Research upgraded GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Check Out Our Latest Report on GLIBK

About GCI Liberty, Inc. – Series C GCI Group

(Get Free Report)

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.

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