GABELLI & Co INVESTMENT ADVISERS INC. Makes New Investment in GCI Liberty, Inc. – Series C GCI Group $GLIBK

GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,161 shares of the company’s stock, valued at approximately $565,000. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.05% of GCI Liberty, Inc. – Series C GCI Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in GLIBK. Western Pacific Wealth Management LP acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth $31,000. Bartlett & CO. Wealth Management LLC acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $48,000. JTC Employer Solutions Trustee Ltd acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $49,000. Amalgamated Bank purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $50,000. Finally, Whittier Trust Co. purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $64,000.

GCI Liberty, Inc. – Series C GCI Group Price Performance

NASDAQ:GLIBK opened at $37.65 on Friday. 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 firm has a market capitalization of $1.35 billion and a price-to-earnings ratio of 5.43. The firm has a 50 day moving average price of $38.10. GCI Liberty, Inc. – Series C GCI Group has a 1-year low of $29.00 and a 1-year high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its earnings results on Wednesday, February 11th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $264.00 million.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Wednesday, February 4th. 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 note on Thursday, February 12th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

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.