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

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK)’s stock price gapped up prior to trading 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 trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings downgraded GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

GCI Liberty, Inc. – Series C GCI Group Stock Up 8.4%

The business’s 50 day moving average price is $36.47 and its 200-day moving average price is $36.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The company has a market cap of $1.02 billion and a P/E ratio of -2.66.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly earnings data 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 positive return on equity of 12.74% and a negative net margin of 31.47%. On average, analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 4.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GLIBK. Barclays PLC acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth $119,947,000. Northwestern Mutual Wealth Management Co. lifted 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 buying an additional 2,262,429 shares in the last quarter. Vanguard Group Inc. acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth $81,260,000. UBS Group AG acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth $77,195,000. Finally, BROOKFIELD Corp ON bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter valued at $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.