Vanguard Group Inc. Acquires Shares of 2,180,295 GCI Liberty, Inc. – Series C GCI Group $GLIBK

Vanguard Group Inc. purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,180,295 shares of the company’s stock, valued at approximately $81,260,000. Vanguard Group Inc. owned approximately 7.60% of GCI Liberty, Inc. – Series C GCI Group at the end of the most recent reporting period.

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

GCI Liberty, Inc. – Series C GCI Group Stock Down 3.7%

Shares of GLIBK opened at $37.54 on Friday. The stock has a 50 day moving average of $38.06. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $29.00 and a 52 week high of $41.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.14 and a current ratio of 3.14. The company has a market cap of $1.34 billion and a PE ratio of 5.41.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $264.00 million.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GLIBK shares. Weiss Ratings raised GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, February 12th. Zacks Research raised shares of 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 MarketBeat, the stock has an average rating of “Hold”.

GCI Liberty, Inc. – Series C GCI Group Company 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.