Slotnik Capital LLC Has $3.18 Million Holdings in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Slotnik Capital LLC cut its holdings in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 47.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,540 shares of the company’s stock after selling 78,094 shares during the period. GCI Liberty, Inc. – Series C GCI Group makes up approximately 0.7% of Slotnik Capital LLC’s investment portfolio, making the stock its 21st largest position. Slotnik Capital LLC owned about 0.24% of GCI Liberty, Inc. – Series C GCI Group worth $3,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GLIBK. Barclays PLC acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $119,947,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock valued at $84,186,000 after acquiring an additional 2,262,429 shares in the last quarter. Vanguard Group Inc. acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $81,260,000. UBS Group AG acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $77,195,000. Finally, BROOKFIELD Corp ON acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at about $27,029,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Weiss Ratings downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Zacks Research downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, GCI Liberty, Inc. – Series C GCI Group has an average rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group Trading Down 4.6%

Shares of GCI Liberty, Inc. – Series C GCI Group stock opened at $21.62 on Tuesday. The company has a market capitalization of $775.08 million and a price-to-earnings ratio of -2.02. 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 12-month low of $20.33 and a 12-month high of $41.17. The firm’s 50-day moving average price is $29.12 and its two-hundred day moving average price is $34.05.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. On average, analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current fiscal year.

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

In other news, CEO Ronald A. Duncan acquired 65,000 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction on Wednesday, June 3rd. The shares were purchased 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 of the company’s stock, valued at approximately $894,536.64. This represents a -289.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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.