GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK) Sees Significant Growth in Short Interest

Key Points

• Short interest surged by 35.4% in March to 1,671,549 shares, equal to 4.7% of shares short and a days-to-cover ratio of 4.5.
• Analyst sentiment is neutral with a consensus "Hold" rating after upgrades from Weiss Ratings and Zacks; two analysts currently rate the stock as Hold.
• Shares traded up to $36.96; the company has a market cap of $1.32 billion and a PE of 5.33, and it reported quarterly EPS of $1.24, beating estimates while revenue slightly missed.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) 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. Currently, 4.7% of the company's shares are short sold. Based on an average daily volume of 371,861 shares, the short-interest ratio is presently 4.5 days.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on GLIBK shares. Weiss Ratings raised 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 GCI Liberty, Inc. - Series C GCI Group to a "hold" rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

Hedge Funds Weigh In On GCI Liberty, Inc. - Series C GCI Group

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in GCI Liberty, Inc. - Series C GCI Group during the 3rd quarter valued at about $30,000. Western Pacific Wealth Management LP purchased a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the 3rd quarter worth approximately $31,000. FNY Investment Advisers LLC purchased a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the 4th quarter worth approximately $33,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the 3rd quarter worth approximately $48,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the 4th quarter worth approximately $48,000.

GCI Liberty, Inc. - Series C GCI Group Trading Up 0.9%

Shares of GLIBK stock traded up $0.33 during mid-day trading on Wednesday, hitting $36.96. The company's stock had a trading volume of 326,813 shares, compared to its average volume of 346,197. The company's fifty day simple moving average is $37.65 and its 200-day simple moving average is $36.44. 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 debt-to-equity ratio of 0.62, a quick ratio of 3.14 and a current ratio of 3.14. The company has a market cap of $1.32 billion and a PE ratio of 5.33.

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, topping the consensus estimate of $1.00 by $0.24. The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $264.00 million.

About GCI Liberty, Inc. - Series C GCI Group

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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