Luxor Capital Group LP Makes New Investment in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Luxor Capital Group LP purchased a new stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 291,022 shares of the company’s stock, valued at approximately $10,846,000. GCI Liberty, Inc. – Series C GCI Group comprises approximately 0.5% of Luxor Capital Group LP’s portfolio, making the stock its 22nd biggest position.

Several other hedge funds also recently made changes to their positions in the business. Western Pacific Wealth Management LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $31,000. Bartlett & CO. Wealth Management LLC bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth approximately $48,000. JTC Employer Solutions Trustee Ltd bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth approximately $49,000. Amalgamated Bank acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter worth approximately $50,000. Finally, Whittier Trust Co. bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $64,000.

GCI Liberty, Inc. – Series C GCI Group Stock Performance

NASDAQ GLIBK opened at $36.56 on Tuesday. The business’s 50 day moving average price is $38.11. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.14 and a current ratio of 3.14. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $29.00 and a twelve month high of $41.17. The stock has a market cap of $1.31 billion and a PE ratio of 5.27.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its earnings results on Wednesday, February 11th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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.

Wall Street Analysts Forecast Growth

GLIBK has been the subject of a number of recent research reports. Zacks Research upgraded GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings raised shares of 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, According to data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group has a consensus rating of “Hold”.

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.