Highbridge Capital Management LLC cut its position in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK – Free Report) by 34.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 341,070 shares of the company’s stock after selling 182,389 shares during the quarter. Highbridge Capital Management LLC’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $12,691,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of GLIBK. Quarry LP purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $30,000. FNY Investment Advisers LLC purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $33,000. Central Pacific Bank Trust Division purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $48,000. Highlander Partners L.P. purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $63,000. Finally, State of Wyoming purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $73,000.
GCI Liberty, Inc. – Series C GCI Group Price Performance
GLIBK opened at $21.56 on Friday. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61. GCI Liberty, Inc. – Series C GCI Group has a 52-week low of $20.33 and a 52-week high of $41.17. The company has a 50 day moving average of $30.97 and a two-hundred day moving average of $34.62. The company has a market cap of $772.93 million and a P/E ratio of -2.01.
Insider Transactions 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 firm’s stock in a transaction on Wednesday, June 3rd. The stock was bought at an average cost of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the purchase, the chief executive officer directly owned 42,516 shares in the company, valued at $894,536.64. This represents a -289.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Analyst Ratings Changes
A number of brokerages have recently commented on GLIBK. Zacks Research downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Weiss Ratings downgraded 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. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.
View Our Latest Stock Report on GCI Liberty, Inc. – Series C GCI Group
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.
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