Alberta Investment Management Corp Has $38.86 Million Stock Holdings in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Alberta Investment Management Corp grew its stake in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 65.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,044,254 shares of the company’s stock after acquiring an additional 414,254 shares during the quarter. Alberta Investment Management Corp’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $38,857,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Squarepoint Ops LLC bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter valued at $809,000. Yakira Capital Management Inc. bought a new position in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at about $287,000. Wittenberg Investment Management Inc. raised its position in GCI Liberty, Inc. – Series C GCI Group by 88.7% in the fourth quarter. Wittenberg Investment Management Inc. now owns 14,388 shares of the company’s stock valued at $535,000 after purchasing an additional 6,762 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at about $729,000. Finally, Barclays PLC increased its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 5.2% in the fourth quarter. Barclays PLC now owns 3,386,430 shares of the company’s stock valued at $126,009,000 after buying an additional 168,113 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut 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 lowered GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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

In other news, CEO Ronald A. Duncan bought 65,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average cost of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the transaction, the chief executive officer directly owned 42,516 shares of the company’s stock, valued at $894,536.64. This represents a -289.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

Shares of GCI Liberty, Inc. – Series C GCI Group stock opened at $21.62 on Tuesday. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $29.12 and its 200 day simple moving average is $34.05. 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 has a market capitalization of $775.08 million and a P/E ratio of -2.02.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its earnings results 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%. As a group, analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current year.

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.