Machina Capital S.A.S. Acquires Shares of 24,754 GCI Liberty, Inc. – Series C GCI Group $GLIBK

Machina Capital S.A.S. bought a new stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 24,754 shares of the company’s stock, valued at approximately $923,000. Machina Capital S.A.S. owned approximately 0.09% of GCI Liberty, Inc. – Series C GCI Group as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Bartlett & CO. Wealth Management LLC acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $48,000. ARS Investment Partners LLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at approximately $298,000. Western Pacific Wealth Management LP acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $31,000. KLP Kapitalforvaltning AS acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $180,000. Finally, JTC Employer Solutions Trustee Ltd bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $49,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group presently has a consensus rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group Stock Up 2.4%

GCI Liberty, Inc. – Series C GCI Group stock opened at $39.10 on Thursday. The company has a market capitalization of $1.12 billion and a PE ratio of 6.86. GCI Liberty, Inc. – Series C GCI Group has a 12-month low of $29.00 and a 12-month high of $39.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50-day moving average price of $35.84.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its earnings results on Wednesday, November 5th. The company reported ($13.34) earnings per share (EPS) for the quarter.

Insiders Place Their Bets

In other GCI Liberty, Inc. – Series C GCI Group news, Director Jedd Gould acquired 15,000 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction on Monday, November 17th. The shares were purchased at an average cost of $34.11 per share, with a total value of $511,650.00. Following the completion of the purchase, the director owned 15,051 shares in the company, valued at $513,389.61. The trade was a 29,411.76% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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.