Hsbc Holdings PLC acquired a new stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK – Free Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 27,577 shares of the company’s stock, valued at approximately $1,025,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Quarry LP bought a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $30,000. FNY Investment Advisers LLC purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth approximately $33,000. Corient Private Wealth LLC lifted its position in shares of GCI Liberty, Inc. – Series C GCI Group by 13.4% in the 4th quarter. Corient Private Wealth LLC now owns 11,767 shares of the company’s stock worth $438,000 after purchasing an additional 1,391 shares during the period. KBC Group NV lifted its position in shares of GCI Liberty, Inc. – Series C GCI Group by 202.2% in the 4th quarter. KBC Group NV now owns 2,245 shares of the company’s stock worth $84,000 after purchasing an additional 1,502 shares during the period. Finally, Highlander Partners L.P. bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter valued at approximately $63,000.
Analyst Upgrades and Downgrades
GLIBK has been the topic of several research reports. Weiss Ratings lowered shares of 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 upgraded GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce”.
GCI Liberty, Inc. – Series C GCI Group Price Performance
GLIBK opened at $23.28 on Wednesday. The firm has a market capitalization of $834.59 million and a PE ratio of -2.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The business’s 50-day moving average is $22.00 and its two-hundred day moving average is $31.24. GCI Liberty, Inc. – Series C GCI Group has a 1 year low of $19.30 and a 1 year high of $41.17.
GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK – Get Free Report) last released its quarterly 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%. Research analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CEO Ronald A. Duncan bought 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the transaction, the chief executive officer directly owned 42,516 shares of the company’s stock, valued at approximately $894,536.64. The trade was a -289.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.
Featured Stories
- Five stocks we like better than GCI Liberty, Inc. – Series C GCI Group
- These 3 Stocks Have Soared in 2026—Can They Keep Climbing?
- Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story
- Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction
- Chips & Clips: Memory Tariffs Rewire Tech Supply Chains
Want to see what other hedge funds are holding GLIBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK – Free Report).
Receive News & Ratings for GCI Liberty Inc. - Series C GCI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCI Liberty Inc. - Series C GCI Group and related companies with MarketBeat.com's FREE daily email newsletter.
