UBS Group AG Boosts Stake in GCI Liberty, Inc. – Series C GCI Group $GLIBK

UBS Group AG lifted its position in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 56.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,233,608 shares of the company’s stock after acquiring an additional 1,162,370 shares during the quarter. UBS Group AG owned 0.11% of GCI Liberty, Inc. – Series C GCI Group worth $120,323,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GLIBK. Barclays PLC purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $119,947,000. Vanguard Group Inc. purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $81,260,000. Alberta Investment Management Corp purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $23,480,000. Holocene Advisors LP purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $22,362,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth about $20,108,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GLIBK shares. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note 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 research note on Thursday, February 12th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

GCI Liberty, Inc. – Series C GCI Group Trading Down 1.0%

Shares of GCI Liberty, Inc. – Series C GCI Group stock opened at $33.90 on Friday. The firm has a market capitalization of $1.21 billion and a PE ratio of 4.88. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $29.00 and a twelve month high of $41.17. The firm’s 50-day moving average price is $36.97 and its 200 day moving average price is $36.37. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.62.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued 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 during the quarter, compared to analysts’ expectations of $264.00 million. On average, sell-side analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 4.16 EPS for the current fiscal year.

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.