ING Groep NV Acquires New Holdings in GCI Liberty, Inc. – Series C GCI Group $GLIBK

ING Groep NV bought a new stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the third quarter, Holdings Channel.com reports. The institutional investor bought 51,760 shares of the company’s stock, valued at approximately $1,929,000.

Several other large investors also recently added to or reduced their stakes in the business. Versor Investments LP bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at $2,657,000. S&CO Inc. bought a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at about $1,121,000. Cheviot Value Management LLC bought a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at about $949,000. Machina Capital S.A.S. acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth about $923,000. Finally, SG Americas Securities LLC bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $872,000.

GCI Liberty, Inc. – Series C GCI Group Stock Up 0.8%

Shares of NASDAQ:GLIBK opened at $37.99 on Friday. The company has a market cap of $1.36 billion and a P/E ratio of 6.66. The firm’s 50 day simple moving average is $36.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.34 and a current ratio of 3.14. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $29.00 and a twelve month high of $40.10.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The business had revenue of $262.00 million for the quarter, compared to analyst estimates of $264.00 million.

Insider Buying and Selling

In related news, Director Jedd Gould purchased 15,000 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction on Monday, November 17th. The stock was purchased at an average cost of $34.11 per share, with a total value of $511,650.00. Following the acquisition, the director directly owned 15,051 shares in the company, valued at approximately $513,389.61. This trade represents a 29,411.76% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

GLIBK has been the topic of a number of recent analyst reports. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note 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, January 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

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.