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

Alberta Investment Management Corp grew its position in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 65.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,044,254 shares of the company’s stock after purchasing an additional 414,254 shares during the period. 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 quarter.

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

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

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

GCI Liberty, Inc. – Series C GCI Group Trading Up 0.6%

NASDAQ GLIBK opened at $20.42 on Friday. The company has a market cap of $732.06 million and a PE ratio of -1.91. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. GCI Liberty, Inc. – Series C GCI Group has a 12 month low of $19.30 and a 12 month high of $41.17. The stock has a 50 day moving average of $28.16 and a 200-day moving average of $33.78.

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 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, equities research analysts anticipate that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GLIBK has been the subject of a number of analyst reports. Zacks Research downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. 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 note on Thursday, May 21st. Two analysts have rated the stock with a Sell rating, According to MarketBeat, GCI Liberty, Inc. – Series C GCI Group 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.