Gamco Investors INC. ET AL Takes $1.71 Million Position in GCI Liberty, Inc. - Series C GCI Group $GLIBK

Key Points

• Gamco Investors acquired a new stake of 45,878 shares in GCI Liberty (NASDAQ:GLIBK), valued at about $1.71 million and representing roughly 0.16% ownership as of the latest 13F filing.
• GCI Liberty reported quarterly EPS of $1.24, beating the $1.00 estimate while revenue came in at $262.0 million versus a $264.0 million consensus; the company has a market cap of about $1.32 billion and a PE ratio near 5.31.
• Analysts have nudged the stock higher in sentiment, with Weiss Ratings upgrading GLIBK from "sell" to "hold" and Zacks also assigning a "hold," leaving the stock with an average rating of Hold.

Gamco Investors INC. ET AL acquired a new stake in shares of GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 45,878 shares of the company's stock, valued at approximately $1,710,000. Gamco Investors INC. ET AL owned approximately 0.16% of GCI Liberty, Inc. - Series C GCI Group as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Western Pacific Wealth Management LP acquired a new position in GCI Liberty, Inc. - Series C GCI Group during the 3rd quarter valued at about $31,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the 3rd quarter worth about $48,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of GCI Liberty, Inc. - Series C GCI Group in the 3rd quarter worth approximately $49,000. Amalgamated Bank bought a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the third quarter valued at approximately $50,000. Finally, Whittier Trust Co. bought a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the third quarter valued at approximately $64,000.

Analyst Upgrades and Downgrades

GLIBK has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of GCI Liberty, Inc. - Series C GCI Group from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, February 12th. Zacks Research raised GCI Liberty, Inc. - Series C GCI Group to a "hold" rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".

GCI Liberty, Inc. - Series C GCI Group Trading Down 1.2%

Shares of GCI Liberty, Inc. - Series C GCI Group stock opened at $36.84 on Wednesday. GCI Liberty, Inc. - Series C GCI Group has a 52 week low of $29.00 and a 52 week high of $41.17. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.32 billion and a PE ratio of 5.31. The business has a 50-day simple moving average of $38.12.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.24. The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $264.00 million.

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.

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