GCI Liberty, Inc. – Series C GCI Group $GLIBK Shares Sold by Highbridge Capital Management LLC

Highbridge Capital Management LLC decreased its stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 34.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,070 shares of the company’s stock after selling 182,389 shares during the period. Highbridge Capital Management LLC owned approximately 1.19% of GCI Liberty, Inc. – Series C GCI Group worth $12,691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State of Wyoming acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at about $73,000. TD Asset Management Inc acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at about $324,000. Goldman Sachs Group Inc. lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 49.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 186,295 shares of the company’s stock valued at $6,932,000 after purchasing an additional 61,319 shares during the period. AXQ Capital LP acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at about $712,000. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 53.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 290,040 shares of the company’s stock valued at $10,792,000 after purchasing an additional 101,539 shares during the period.

Analysts Set New Price Targets

Several brokerages recently commented on GLIBK. Zacks Research cut shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Weiss Ratings cut shares of GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Insiders Place Their Bets

In other GCI Liberty, Inc. – Series C GCI Group news, CEO Ronald A. Duncan bought 65,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average cost of $21.04 per share, for a total transaction of $1,367,600.00. Following the acquisition, the chief executive officer owned 42,516 shares of the company’s stock, valued at $894,536.64. The trade was a -289.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

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

NASDAQ:GLIBK opened at $21.56 on Friday. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $30.97 and a two-hundred day moving average price of $34.62. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $20.33 and a twelve month high of $41.17. The company has a market capitalization of $772.93 million and a P/E ratio of -2.01.

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 the consensus estimate 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 expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current fiscal year.

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.