630,000 Shares in GCI Liberty, Inc. – Series C GCI Group $GLIBK Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp bought a new stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) during the 3rd quarter, HoldingsChannel reports. The firm bought 630,000 shares of the company’s stock, valued at approximately $23,480,000.

Several other hedge funds have also recently modified their holdings of GLIBK. Vanguard Group Inc. acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $81,260,000. Versor Investments LP acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $2,657,000. ING Groep NV purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $1,929,000. JPMorgan Chase & Co. purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $1,886,000. Finally, S&CO Inc. acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $1,121,000.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Zacks Research upgraded shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings upgraded 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 analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

GCI Liberty, Inc. – Series C GCI Group Trading Up 1.2%

Shares of GLIBK opened at $39.88 on Thursday. The firm has a 50-day moving average of $37.26. GCI Liberty, Inc. – Series C GCI Group has a 12-month low of $29.00 and a 12-month high of $41.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.14 and a current ratio of 3.14. The stock has a market cap of $1.43 billion and a price-to-earnings ratio of 5.75.

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

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.