Walleye Capital LLC Takes $3.02 Million Position in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Walleye Capital LLC bought a new stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 81,212 shares of the company’s stock, valued at approximately $3,022,000.

A number of other hedge funds have also recently added to or reduced their stakes in GLIBK. Northwestern Mutual Wealth Management Co. increased its position in GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock worth $84,186,000 after buying an additional 2,262,429 shares during the period. UBS Group AG acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at approximately $77,195,000. Vanguard Group Inc. grew its position in shares of GCI Liberty, Inc. – Series C GCI Group by 40.2% during the fourth quarter. Vanguard Group Inc. now owns 3,057,197 shares of the company’s stock worth $113,758,000 after acquiring an additional 876,902 shares during the last quarter. BROOKFIELD Corp ON purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth approximately $27,029,000. Finally, Kontiki Capital Management HK Ltd. acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at $25,979,000.

Insider Activity

In related news, CEO Ronald A. Duncan bought 65,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were acquired 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 in the company, valued at approximately $894,536.64. This trade represents a -289.09% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

Shares of GLIBK stock opened at $22.18 on Friday. The stock has a market capitalization of $795.15 million and a PE ratio of -2.07. GCI Liberty, Inc. – Series C GCI Group has a 52-week low of $19.30 and a 52-week high of $41.17. The stock’s 50-day moving average price is $22.17 and its 200 day moving average price is $31.54. 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 (NASDAQ:GLIBK) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 earnings per share 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%. As a group, equities research analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several 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 report on Thursday, May 21st. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group currently has a consensus 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.