GCI Liberty, Inc. – Series C GCI Group $GLIBK Shares Bought by Ruane Cunniff & Goldfarb L.P.

Ruane Cunniff & Goldfarb L.P. boosted its stake in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 43.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 539,071 shares of the company’s stock after buying an additional 164,401 shares during the period. GCI Liberty, Inc. – Series C GCI Group accounts for 0.3% of Ruane Cunniff & Goldfarb L.P.’s investment portfolio, making the stock its 23rd largest position. Ruane Cunniff & Goldfarb L.P.’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $20,059,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $30,000. FNY Investment Advisers LLC purchased a new stake in GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at $33,000. Central Pacific Bank Trust Division acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at $48,000. Highlander Partners L.P. acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at $63,000. Finally, State of Wyoming acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at $73,000.

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

Shares of GCI Liberty, Inc. – Series C GCI Group stock opened at $22.66 on Friday. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $20.33 and a 52 week high of $41.17. The business’s fifty day simple moving average is $29.43 and its 200-day simple moving average is $34.17. The firm has a market cap of $812.36 million and a PE ratio of -2.12. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 0.61.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. Equities analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current year.

Analysts Set New Price Targets

GLIBK has been the topic of several recent analyst reports. Weiss Ratings lowered GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Zacks Research lowered GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Insider Activity

In other news, CEO Ronald A. Duncan acquired 65,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the acquisition, the chief executive officer owned 42,516 shares of the company’s stock, valued at $894,536.64. This represents a -289.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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.