SG Americas Securities LLC Buys Shares of 23,387 GCI Liberty, Inc. – Series C GCI Group $GLIBK

SG Americas Securities LLC purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 23,387 shares of the company’s stock, valued at approximately $872,000.

Other institutional investors and hedge funds have also modified their holdings of the company. JTC Employer Solutions Trustee Ltd acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at approximately $49,000. KLP Kapitalforvaltning AS bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at $180,000. Western Pacific Wealth Management LP acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $31,000. ARS Investment Partners LLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth $298,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth $48,000.

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

Shares of NASDAQ:GLIBK opened at $37.50 on Tuesday. The firm has a 50 day moving average price of $35.12. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $1.08 billion and a P/E ratio of 6.58. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $29.00 and a 52 week high of $39.19.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($13.34) earnings per share (EPS) for the quarter.

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

In other GCI Liberty, Inc. – Series C GCI Group news, Director Jedd Gould purchased 15,000 shares of the stock in a transaction on Monday, November 17th. The stock was bought at an average cost of $34.11 per share, for a total transaction of $511,650.00. Following the completion of the acquisition, the director directly owned 15,051 shares of the company’s stock, valued at $513,389.61. The trade was a 29,411.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded GCI Liberty, Inc. – Series C GCI Group from a “buy (b-)” rating to a “hold (c-)” rating in a report on Thursday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group has an average rating of “Hold”.

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.