S&CO Inc. Increases Stock Position in GCI Liberty, Inc. – Series C GCI Group $GLIBK

S&CO Inc. lifted its stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 196.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,052 shares of the company’s stock after acquiring an additional 88,777 shares during the quarter. S&CO Inc.’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $4,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Quarry LP bought a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $30,000. FNY Investment Advisers LLC bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth approximately $33,000. Fifth Third Bancorp bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 1st quarter worth approximately $38,000. Central Pacific Bank Trust Division bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth approximately $48,000. Finally, Corient Private Wealth LLC raised its stake in GCI Liberty, Inc. – Series C GCI Group by 13.4% during the 4th quarter. Corient Private Wealth LLC now owns 11,767 shares of the company’s stock valued at $438,000 after buying an additional 1,391 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GLIBK. Weiss Ratings cut GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

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

GLIBK opened at $21.95 on Friday. The company’s 50 day moving average is $22.59 and its 200 day moving average is $31.99. 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 company has a market cap of $786.97 million and a price-to-earnings ratio of -2.05. GCI Liberty, Inc. – Series C GCI Group has a 12-month low of $19.30 and a 12-month high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its earnings results on Thursday, May 7th. The company reported $0.45 EPS 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%. On average, equities research analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current year.

Insider Buying and Selling at GCI Liberty, Inc. – Series C GCI Group

In other GCI Liberty, Inc. – Series C GCI Group news, CEO Ronald A. Duncan acquired 65,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was purchased at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the transaction, the chief executive officer directly owned 42,516 shares in the company, valued at approximately $894,536.64. The trade was a -289.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.