Versor Investments LP Makes New $2.66 Million Investment in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Versor Investments LP bought a new stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 71,289 shares of the company’s stock, valued at approximately $2,657,000. GCI Liberty, Inc. – Series C GCI Group makes up approximately 0.5% of Versor Investments LP’s investment portfolio, making the stock its 21st largest position. Versor Investments LP owned approximately 0.25% of GCI Liberty, Inc. – Series C GCI Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GLIBK. Bartlett & CO. Wealth Management LLC purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at $48,000. ARS Investment Partners LLC acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $298,000. Western Pacific Wealth Management LP purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $31,000. KLP Kapitalforvaltning AS acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $180,000. Finally, JTC Employer Solutions Trustee Ltd purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth approximately $49,000.

GCI Liberty, Inc. – Series C GCI Group Trading Down 0.3%

GCI Liberty, Inc. – Series C GCI Group stock opened at $38.98 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.77. GCI Liberty, Inc. – Series C GCI Group has a 1-year low of $29.00 and a 1-year high of $39.63. The firm’s fifty day simple moving average is $36.20. The company has a market cap of $1.12 billion and a P/E ratio of 6.84.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Weiss Ratings downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 29th. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Insider Buying and Selling at GCI Liberty, Inc. – Series C GCI Group

In related news, Director Jedd Gould purchased 15,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was bought at an average price of $34.11 per share, for a total transaction of $511,650.00. Following the purchase, the director owned 15,051 shares in the company, valued at $513,389.61. The trade was a 29,411.76% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

About GCI Liberty, Inc. – Series C GCI Group

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.