223,600 Shares in GCI Liberty, Inc. – Series C GCI Group $GLIBK Bought by DigitalBridge Group Inc.

DigitalBridge Group Inc. acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 223,600 shares of the company’s stock, valued at approximately $8,334,000. DigitalBridge Group Inc. owned about 0.78% of GCI Liberty, Inc. – Series C GCI Group as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GLIBK. Quarry LP bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $30,000. Western Pacific Wealth Management LP purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $31,000. Bartlett & CO. Wealth Management LLC bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at approximately $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 valued at approximately $49,000. Finally, Amalgamated Bank purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $50,000.

Wall Street Analysts Forecast Growth

GLIBK has been the topic of several recent research reports. Zacks Research upgraded GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings upgraded shares of 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. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

GCI Liberty, Inc. – Series C GCI Group Trading Up 1.6%

Shares of GLIBK opened at $37.13 on Wednesday. The company’s fifty day moving average is $38.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.14 and a quick ratio of 3.14. The stock has a market capitalization of $1.33 billion and a price-to-earnings ratio of 5.35. GCI Liberty, Inc. – Series C GCI Group has a 12-month low of $29.00 and a 12-month high of $41.17.

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

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.