Vanguard Group Inc. raised its position in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK – Free Report) by 40.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,057,197 shares of the company’s stock after buying an additional 876,902 shares during the period. Vanguard Group Inc. owned 0.11% of GCI Liberty, Inc. – Series C GCI Group worth $113,758,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $119,947,000. UBS Group AG acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $77,195,000. Alberta Investment Management Corp acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $23,480,000. Holocene Advisors LP acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $22,362,000. Finally, Dimensional Fund Advisors LP acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $20,108,000.
Analyst Ratings Changes
GLIBK has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings lowered shares of GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce”.
GCI Liberty, Inc. – Series C GCI Group Price Performance
Shares of GLIBK stock opened at $28.08 on Wednesday. GCI Liberty, Inc. – Series C GCI Group has a 1 year low of $25.33 and a 1 year high of $41.17. The firm’s 50 day moving average is $35.77 and its 200-day moving average is $36.07. The firm has a market capitalization of $1.01 billion and a price-to-earnings ratio of -2.62. 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 – Get Free Report) last announced 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 positive return on equity of 12.74% and a negative net margin of 31.47%. Sell-side analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 4.57 EPS 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.
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