GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) Stock Rating Lowered by Zacks Research

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings lowered shares of GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group Trading Down 3.4%

NASDAQ GLIBK opened at $25.26 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31. The firm has a market cap of $905.57 million and a PE ratio of -2.36. GCI Liberty, Inc. – Series C GCI Group has a one year low of $25.18 and a one year high of $41.17. The firm’s fifty day moving average is $35.00 and its two-hundred day moving average is $35.86.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates 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%. Analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the first quarter worth about $2,198,000. Renaissance Technologies LLC increased its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 428.7% during the first quarter. Renaissance Technologies LLC now owns 245,300 shares of the company’s stock worth $9,128,000 after acquiring an additional 198,900 shares during the period. Gabelli Funds LLC increased its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 10.8% during the first quarter. Gabelli Funds LLC now owns 181,759 shares of the company’s stock worth $6,763,000 after acquiring an additional 17,773 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 4.1% during the first quarter. Gamco Investors INC. ET AL now owns 98,013 shares of the company’s stock worth $3,647,000 after acquiring an additional 3,900 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 37.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 33,554 shares of the company’s stock worth $1,249,000 after acquiring an additional 9,180 shares during the period.

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.