Kontiki Capital Management HK Ltd. Acquires New Holdings in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Kontiki Capital Management HK Ltd. acquired a new stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 698,184 shares of the company’s stock, valued at approximately $25,979,000. GCI Liberty, Inc. – Series C GCI Group accounts for about 1.5% of Kontiki Capital Management HK Ltd.’s holdings, making the stock its 8th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $30,000. FNY Investment Advisers LLC bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at about $33,000. Central Pacific Bank Trust Division bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at about $48,000. Highlander Partners L.P. bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at about $63,000. Finally, State of Wyoming bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at about $73,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Zacks Research downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. Weiss Ratings downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

GCI Liberty, Inc. – Series C GCI Group Stock Up 4.1%

GCI Liberty, Inc. – Series C GCI Group stock opened at $21.56 on Friday. The stock has a market cap of $772.93 million and a price-to-earnings ratio of -2.01. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. The company’s 50-day moving average price is $30.97 and its two-hundred day moving average price is $34.62. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $20.33 and a 52 week high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. On average, analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ronald A. Duncan bought 65,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the purchase, the chief executive officer owned 42,516 shares in the company, valued at approximately $894,536.64. This represents a -289.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

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.