GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK) Short Interest Up 27.2% in March

Key Points

• Short interest up 27.2% — short interest rose to 1,234,585 shares as of March 13, equal to about 3.5% of shares outstanding and a days-to-cover ratio of roughly 2.8.
• Large institutional inflows in Q3 included new stakes from Barclays (~$119.9M), Vanguard (~$81.3M), Highbridge (~$19.5M), Luxor (~$10.8M) and Versor (~$2.7M).
• Shares traded at $36.84 (up 0.2%) with a market cap of ~$1.32B and P/E of 5.33; the company beat EPS estimates ($1.24 vs. $1.00) while revenue slightly missed ($262M vs. $264M), and analysts' consensus rating is "Hold".

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,234,585 shares, a growth of 27.2% from the February 26th total of 970,738 shares. Based on an average trading volume of 436,101 shares, the days-to-cover ratio is presently 2.8 days. Currently, 3.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLIBK. Versor Investments LP purchased a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the 3rd quarter worth about $2,657,000. Barclays PLC purchased a new position in shares of GCI Liberty, Inc. - Series C GCI Group during the 3rd quarter valued at about $119,947,000. Vanguard Group Inc. bought a new stake in GCI Liberty, Inc. - Series C GCI Group in the 3rd quarter worth approximately $81,260,000. Highbridge Capital Management LLC bought a new stake in GCI Liberty, Inc. - Series C GCI Group in the 3rd quarter worth approximately $19,509,000. Finally, Luxor Capital Group LP purchased a new stake in GCI Liberty, Inc. - Series C GCI Group in the third quarter worth approximately $10,846,000.

GCI Liberty, Inc. - Series C GCI Group Stock Up 0.2%

Shares of GLIBK stock traded up $0.06 during trading on Monday, hitting $36.84. The company had a trading volume of 28,486 shares, compared to its average volume of 436,021. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.62. The business's 50-day simple moving average is $37.84. The firm has a market cap of $1.32 billion and a PE ratio of 5.33. GCI Liberty, Inc. - Series C GCI Group has a 52 week low of $29.00 and a 52 week high of $41.17.

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

Wall Street Analyst Weigh In

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

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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