Hsbc Holdings PLC Makes New $1.02 Million Investment in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Hsbc Holdings PLC bought a new position in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 27,577 shares of the company’s stock, valued at approximately $1,025,000. Hsbc Holdings PLC owned 0.08% of GCI Liberty, Inc. – Series C GCI Group as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Quarry LP purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at $30,000. FNY Investment Advisers LLC purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at $33,000. Highlander Partners L.P. bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth about $63,000. State of Wyoming bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth about $73,000. Finally, US Bancorp DE purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $79,000.

Analysts Set New Price Targets

GLIBK has been the topic of several analyst reports. Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

Insider Buying and Selling

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

GCI Liberty, Inc. – Series C GCI Group Stock Up 3.2%

NASDAQ:GLIBK opened at $23.28 on Wednesday. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $19.30 and a twelve month high of $41.17. The company has a market cap of $834.59 million and a price-to-earnings ratio of -2.17. The stock has a fifty day simple moving average of $22.00 and a 200-day simple moving average of $31.24. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (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%. Analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current year.

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.