Illinois Municipal Retirement Fund Takes $852,000 Position in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Illinois Municipal Retirement Fund acquired a new position in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,863 shares of the company’s stock, valued at approximately $852,000.

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

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

GLIBK stock opened at $39.70 on Friday. The firm has a fifty day simple moving average of $37.40. GCI Liberty, Inc. – Series C GCI Group has a fifty-two week low of $29.00 and a fifty-two week high of $41.17. The stock has a market capitalization of $1.42 billion and a price-to-earnings ratio of 5.72. 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 (NASDAQ:GLIBK) last released its quarterly earnings data on Wednesday, February 11th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.00 by $0.24. The business had revenue of $262.00 million for the quarter, compared to the consensus estimate of $264.00 million.

Analyst Ratings Changes

A number of brokerages recently weighed in on GLIBK. Zacks Research upgraded shares of 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 report on Thursday, February 12th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.