Gabelli Funds LLC Makes New Investment in GCI Liberty, Inc. - Series C GCI Group $GLIBK

Key Points

• Gabelli Funds LLC acquired a new position of 74,625 shares of GCI Liberty (NASDAQ:GLIBK) in Q3, valued at about $2.78 million and representing roughly 0.26% of the company.
• Several other institutions also initiated or increased stakes, notably Barclays PLC (~$119.95 million) and Dimensional Fund Advisors (~$20.11 million), indicating sizable institutional interest.
• Analysts hold a consensus Hold rating; GCI Liberty reported $1.24 EPS (beating estimates by $0.24), trades at a P/E of 5.31 and has a market cap of $1.32 billion.

Gabelli Funds LLC acquired a new position in GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 74,625 shares of the company's stock, valued at approximately $2,781,000. Gabelli Funds LLC owned 0.26% of GCI Liberty, Inc. - Series C GCI Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GLIBK. Gamco Investors INC. ET AL purchased a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the 3rd quarter worth about $1,710,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in GCI Liberty, Inc. - Series C GCI Group in the third quarter valued at approximately $565,000. Barclays PLC acquired a new position in GCI Liberty, Inc. - Series C GCI Group during the third quarter valued at approximately $119,947,000. Dimensional Fund Advisors LP acquired a new position in GCI Liberty, Inc. - Series C GCI Group during the third quarter valued at approximately $20,108,000. Finally, Quantbot Technologies LP purchased a new stake in GCI Liberty, Inc. - Series C GCI Group during the third quarter worth approximately $504,000.

Analysts Set New Price Targets

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

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

Shares of NASDAQ:GLIBK opened at $36.84 on Wednesday. The stock has a market cap of $1.32 billion and a P/E ratio of 5.31. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.62. GCI Liberty, Inc. - Series C GCI Group has a one year low of $29.00 and a one year high of $41.17. The company's 50-day moving average is $38.12.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.00 by $0.24. The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $264.00 million.

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.

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