Rhumbline Advisers Acquires Shares of 20,744 GCI Liberty, Inc. – Series C GCI Group $GLIBK

Rhumbline Advisers acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 20,744 shares of the company’s stock, valued at approximately $773,000.

A number of other institutional investors have also made changes to their positions in GLIBK. Versor Investments LP bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $2,657,000. S&CO Inc. acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $1,121,000. Machina Capital S.A.S. bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $923,000. Arizona State Retirement System acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $257,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at $79,000.

GCI Liberty, Inc. – Series C GCI Group Trading Down 1.1%

GCI Liberty, Inc. – Series C GCI Group stock opened at $38.79 on Wednesday. The company’s 50-day simple moving average is $38.03. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.62. GCI Liberty, Inc. – Series C GCI Group has a 1 year low of $29.00 and a 1 year high of $41.17. The firm has a market cap of $1.39 billion and a P/E ratio of 5.59.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its earnings results on Wednesday, February 11th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.24. The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $264.00 million.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on GLIBK shares. Zacks Research upgraded GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings upgraded GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently 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.