GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Sees Large Increase in Short Interest

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,671,549 shares, an increase of 35.4% from the March 15th total of 1,234,585 shares. Based on an average daily volume of 371,861 shares, the days-to-cover ratio is presently 4.5 days. Approximately 4.7% of the shares of the stock are short sold.

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

NASDAQ:GLIBK traded up $0.44 during mid-day trading on Thursday, reaching $37.40. 348,121 shares of the company were exchanged, compared to its average volume of 341,288. GCI Liberty, Inc. – Series C GCI Group has a 12 month low of $29.00 and a 12 month high of $41.17. The company has a fifty day moving average of $37.62 and a 200 day moving average of $36.45. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.34 billion and a PE ratio of 5.39.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The company had revenue of $262.00 million for the quarter, compared to the consensus estimate of $264.00 million.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GLIBK shares. Weiss Ratings raised shares of GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, February 12th. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Investors Weigh In On GCI Liberty, Inc. – Series C GCI Group

A number of hedge funds have recently added to or reduced their stakes in GLIBK. 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. grew its holdings in GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% during the 4th 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. bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $81,260,000. UBS Group AG bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $77,195,000. Finally, BROOKFIELD Corp ON acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the 4th quarter valued at about $27,029,000.

GCI Liberty, Inc. – Series C GCI Group Company 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.