Short Interest in GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) Declines By 17.8%

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totaling 127,686 shares, a decline of 17.8% from the March 31st total of 155,268 shares. Based on an average daily trading volume, of 33,016 shares, the short-interest ratio is currently 3.9 days. Approximately 0.5% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised GCI Liberty, Inc. – Series A GCI Group to a “hold” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

GCI Liberty, Inc. – Series A GCI Group Stock Performance

Shares of GLIBA stock traded up $1.39 during trading hours on Thursday, reaching $34.86. 45,512 shares of the company traded hands, compared to its average volume of 36,133. GCI Liberty, Inc. – Series A GCI Group has a 12-month low of $28.00 and a 12-month high of $41.87. 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 firm has a 50-day moving average price of $37.17 and a 200 day moving average price of $36.44.

GCI Liberty, Inc. – Series A GCI Group (NASDAQ:GLIBA) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.24. The company had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $264.00 million. On average, analysts anticipate that GCI Liberty, Inc. – Series A GCI Group will post 4.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLIBA. R Squared Ltd bought a new position in GCI Liberty, Inc. – Series A GCI Group in the 1st quarter worth approximately $240,000. Moran Wealth Management LLC bought a new position in GCI Liberty, Inc. – Series A GCI Group in the 1st quarter worth approximately $281,000. Virtu Financial LLC boosted its stake in GCI Liberty, Inc. – Series A GCI Group by 324.9% in the 4th quarter. Virtu Financial LLC now owns 30,645 shares of the company’s stock worth $1,130,000 after purchasing an additional 23,432 shares during the period. Deltroit Asset Management UK LLP bought a new position in GCI Liberty, Inc. – Series A GCI Group in the 4th quarter worth approximately $90,000. Finally, Gabelli Funds LLC boosted its stake in GCI Liberty, Inc. – Series A GCI Group by 62.7% in the 4th quarter. Gabelli Funds LLC now owns 20,750 shares of the company’s stock worth $765,000 after purchasing an additional 8,000 shares during the period.

About GCI Liberty, Inc. – Series A GCI Group

GCI Liberty, Inc, together with its subsidiaries, provides various communication services in the United States. The company offers data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services. The company is based in Englewood, Colorado.