Hi Line Capital Management LLC Purchases Shares of 29,022 GCI Liberty, Inc. – Series C GCI Group $GLIBK

Hi Line Capital Management LLC purchased a new stake in 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 & Exchange Commission. The institutional investor purchased 29,022 shares of the company’s stock, valued at approximately $1,082,000.

Several other large investors also recently made changes to their positions in GLIBK. Versor Investments LP acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $2,657,000. ING Groep NV acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth $1,929,000. S&CO Inc. bought a new position in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $1,121,000. Cheviot Value Management LLC acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $949,000. Finally, Machina Capital S.A.S. bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $923,000.

Analyst Ratings Changes

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

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

Shares of NASDAQ:GLIBK opened at $37.99 on Friday. The business’s 50-day simple moving average is $36.82. GCI Liberty, Inc. – Series C GCI Group has a one year low of $29.00 and a one year high of $40.10. The company has a quick ratio of 1.34, a current ratio of 3.14 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.36 billion and a PE ratio of 6.66.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.24. The company had revenue of $262.00 million during the quarter, compared to the consensus estimate of $264.00 million.

Insiders Place Their Bets

In related news, Director Jedd Gould purchased 15,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was purchased at an average cost of $34.11 per share, for a total transaction of $511,650.00. Following the completion of the purchase, the director directly owned 15,051 shares in the company, valued at $513,389.61. This trade represents a 29,411.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.