Barclays PLC Purchases 168,113 Shares of GCI Liberty, Inc. – Series C GCI Group $GLIBK

Barclays PLC lifted its position in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,386,430 shares of the company’s stock after buying an additional 168,113 shares during the quarter. Barclays PLC owned approximately 0.09% of GCI Liberty, Inc. – Series C GCI Group worth $126,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth $30,000. FNY Investment Advisers LLC bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter valued at about $33,000. Central Pacific Bank Trust Division bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter valued at about $48,000. Highlander Partners L.P. bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter valued at about $63,000. Finally, State of Wyoming bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter valued at about $73,000.

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

GCI Liberty, Inc. – Series C GCI Group stock opened at $21.62 on Tuesday. The stock has a 50-day moving average of $29.12 and a two-hundred day moving average of $34.05. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31. GCI Liberty, Inc. – Series C GCI Group has a one year low of $20.33 and a one year high of $41.17. The stock has a market cap of $775.08 million and a PE ratio of -2.02.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

Insider Buying and Selling

In other GCI Liberty, Inc. – Series C GCI Group news, CEO Ronald A. Duncan purchased 65,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was bought 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 owned 42,516 shares in the company, valued at $894,536.64. This represents a -289.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GLIBK. Weiss Ratings downgraded 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 downgraded GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group currently has a consensus rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group 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.