Empyrean Capital Partners LP Buys 109,062 Shares of GCI Liberty, Inc. – Series C GCI Group $GLIBK

Empyrean Capital Partners LP lifted its stake in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 59.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 293,218 shares of the company’s stock after acquiring an additional 109,062 shares during the quarter. Empyrean Capital Partners LP owned about 0.82% of GCI Liberty, Inc. – Series C GCI Group worth $10,911,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth $119,947,000. Northwestern Mutual Wealth Management Co. lifted its position in GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock worth $84,186,000 after acquiring an additional 2,262,429 shares during the last quarter. Vanguard Group Inc. bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at about $81,260,000. UBS Group AG acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $77,195,000. Finally, BROOKFIELD Corp ON bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the 4th quarter valued at approximately $27,029,000.

Insider Buying and Selling at GCI Liberty, Inc. – Series C GCI Group

In other news, CEO Ronald A. Duncan bought 65,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the purchase, the chief executive officer owned 42,516 shares of the company’s stock, valued at approximately $894,536.64. The trade was a -289.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

Shares of GLIBK stock opened at $20.30 on Thursday. GCI Liberty, Inc. – Series C GCI Group has a one year low of $20.10 and a one year high of $41.17. 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 stock’s fifty day simple moving average is $28.47 and its 200 day simple moving average is $33.87. The firm has a market cap of $727.76 million and a price-to-earnings ratio of -1.90.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (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%. On average, analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GLIBK shares. Zacks Research lowered GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Weiss Ratings cut GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group Company 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.