S&CO Inc. Invests $1.12 Million in GCI Liberty, Inc. – Series C GCI Group $GLIBK

S&CO Inc. acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,093 shares of the company’s stock, valued at approximately $1,121,000. S&CO Inc. owned about 0.10% of GCI Liberty, Inc. – Series C GCI Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GLIBK. Cheviot Value Management LLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth about $949,000. Machina Capital S.A.S. bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at approximately $923,000. SG Americas Securities LLC acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $872,000. New York State Common Retirement Fund acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $412,000. Finally, ARS Investment Partners LLC bought a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at approximately $298,000.

Insider Activity at GCI Liberty, Inc. – Series C GCI Group

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 shares were purchased at an average price of $34.11 per share, for a total transaction of $511,650.00. Following the transaction, the director owned 15,051 shares of the company’s stock, valued at approximately $513,389.61. This represents a 29,411.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

GCI Liberty, Inc. – Series C GCI Group Stock Performance

Shares of NASDAQ:GLIBK opened at $38.98 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.77. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $29.00 and a 52 week high of $39.63. The firm has a market capitalization of $1.12 billion and a price-to-earnings ratio of 6.84. The business’s fifty day simple moving average is $36.20.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GLIBK. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings lowered 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 equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.