GCI Liberty, Inc. – Series C GCI Group $GLIBK Stock Holdings Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 64.3% during the 1st quarter, HoldingsChannel reports. The firm owned 113,411 shares of the company’s stock after buying an additional 44,368 shares during the quarter. Quantinno Capital Management LP’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $4,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at approximately $30,000. Fifth Third Bancorp acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the first quarter worth approximately $38,000. Highlander Partners L.P. bought a new position in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter worth approximately $63,000. State of Wyoming acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at approximately $73,000. Finally, US Bancorp DE bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at $79,000.

Insider Activity

In other news, CEO Ronald A. Duncan purchased 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 transaction, the chief executive officer owned 42,516 shares in the company, valued at $894,536.64. This trade represents a -289.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analysts Set New Price Targets

GLIBK has been the subject of several recent analyst reports. 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 upgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

GCI Liberty, Inc. – Series C GCI Group Trading Up 0.2%

GCI Liberty, Inc. – Series C GCI Group stock opened at $24.00 on Friday. The firm has a 50 day simple moving average of $21.91 and a 200-day simple moving average of $30.46. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The stock has a market capitalization of $860.40 million and a PE ratio of -2.13. GCI Liberty, Inc. – Series C GCI Group has a 12-month low of $19.30 and a 12-month high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its earnings results on Thursday, August 6th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.75). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 11.82% and a negative net margin of 32.53%. As a group, equities research analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

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.