GCI Liberty, Inc. – Series C GCI Group $GLIBK Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 36.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,504,923 shares of the company’s stock after buying an additional 398,769 shares during the quarter. Dimensional Fund Advisors LP’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $55,996,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $30,000. FNY Investment Advisers LLC acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter valued at $33,000. Fifth Third Bancorp purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the first quarter valued at $38,000. Highlander Partners L.P. acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in 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 4th quarter worth about $73,000.

Insider Activity

In other news, CEO Ronald A. Duncan acquired 65,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was purchased at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the acquisition, the chief executive officer owned 42,516 shares of the company’s stock, valued at $894,536.64. This trade represents a -289.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

GCI Liberty, Inc. – Series C GCI Group Trading Up 0.6%

GLIBK opened at $23.17 on Friday. 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 company’s 50 day simple moving average is $21.87 and its two-hundred day simple moving average is $30.97. The firm has a market capitalization of $830.64 million and a price-to-earnings ratio of -2.16. 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) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate 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%. Analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

Analysts Set New Price Targets

GLIBK has been the subject of several recent analyst reports. Zacks Research upgraded GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. 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. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

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.