Slotnik Capital LLC Invests $6.10 Million in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Slotnik Capital LLC acquired 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 disclosure with the SEC. The fund acquired 163,634 shares of the company’s stock, valued at approximately $6,099,000. GCI Liberty, Inc. – Series C GCI Group comprises 1.9% of Slotnik Capital LLC’s investment portfolio, making the stock its 11th largest holding. Slotnik Capital LLC owned 0.57% of GCI Liberty, Inc. – Series C GCI Group at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Marshall Wace LLP acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $7,927,000. Invesco Ltd. acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth about $4,490,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $8,873,000. Sei Investments Co. bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $535,000. Finally, UBS Group AG acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at about $77,195,000.

Analysts Set New Price Targets

GLIBK has been the topic of a number of recent analyst reports. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings raised 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 research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

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

Shares of GLIBK opened at $36.60 on Friday. The company has a market cap of $1.31 billion and a P/E ratio of 5.27. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.62. GCI Liberty, Inc. – Series C GCI Group has a one year low of $29.00 and a one year high of $41.17. The stock has a fifty day moving average price of $38.12.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its quarterly 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 firm had revenue of $262.00 million for the quarter, compared to the consensus estimate of $264.00 million.

GCI Liberty, Inc. – Series C GCI Group 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.