523,459 Shares in GCI Liberty, Inc. – Series C GCI Group $GLIBK Bought by Highbridge Capital Management LLC

Highbridge Capital Management LLC bought a new position in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 523,459 shares of the company’s stock, valued at approximately $19,509,000.

A number of other hedge funds have also recently made changes to their positions in GLIBK. Western Pacific Wealth Management LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $31,000. Bartlett & CO. Wealth Management LLC bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $48,000. JTC Employer Solutions Trustee Ltd acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at approximately $49,000. Amalgamated Bank acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at approximately $50,000. Finally, Whittier Trust Co. bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at $64,000.

GCI Liberty, Inc. – Series C GCI Group Trading Up 0.9%

Shares of GLIBK opened at $40.04 on Friday. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $37.55. GCI Liberty, Inc. – Series C GCI Group has a 12 month low of $29.00 and a 12 month high of $41.17. The company has a market capitalization of $1.43 billion and a PE ratio of 5.77.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.24. The business had revenue of $262.00 million during the quarter, compared to analyst estimates of $264.00 million.

Wall Street Analysts Forecast Growth

GLIBK has been the subject of a number of recent research reports. Weiss Ratings upgraded GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, February 12th. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note on Wednesday, February 4th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

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.