Vanguard Group Inc. Purchases 876,902 Shares of GCI Liberty, Inc. – Series C GCI Group $GLIBK

Vanguard Group Inc. raised its stake in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 40.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,057,197 shares of the company’s stock after purchasing an additional 876,902 shares during the quarter. Vanguard Group Inc. owned 10.65% of GCI Liberty, Inc. – Series C GCI Group worth $113,758,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $30,000. FNY Investment Advisers LLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter worth about $33,000. Central Pacific Bank Trust Division bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter worth about $48,000. Amalgamated Bank bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $50,000. Finally, Whittier Trust Co. bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $64,000.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GLIBK shares. Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group currently has a consensus rating of “Reduce”.

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

NASDAQ GLIBK opened at $28.08 on Wednesday. The stock has a market cap of $1.01 billion and a P/E ratio of -2.62. The company’s 50-day simple moving average is $35.77 and its 200 day simple moving average is $36.07. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $25.33 and a twelve month high of $41.17. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. As a group, research analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 4.57 earnings per share for the current fiscal year.

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.