ING Groep NV Takes Position in GCI Liberty, Inc. – Series C GCI Group $GLIBK

ING Groep NV acquired a new position in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 51,760 shares of the company’s stock, valued at approximately $1,929,000. ING Groep NV owned approximately 0.18% of GCI Liberty, Inc. – Series C GCI Group as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of GLIBK. Bartlett & CO. Wealth Management LLC acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $48,000. ARS Investment Partners LLC acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $298,000. Western Pacific Wealth Management LP bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $31,000. KLP Kapitalforvaltning AS acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $180,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $49,000.

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

NASDAQ GLIBK opened at $37.99 on Friday. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $29.00 and a twelve month high of $40.10. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.34 and a current ratio of 3.14. The stock has a market cap of $1.36 billion and a PE ratio of 6.66. The business’s 50 day moving average price is $36.82.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its 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 business had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $264.00 million.

Insider Transactions at GCI Liberty, Inc. – Series C GCI Group

In other GCI Liberty, Inc. – Series C GCI Group news, Director Jedd Gould acquired 15,000 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was purchased at an average cost of $34.11 per share, for a total transaction of $511,650.00. Following the transaction, the director owned 15,051 shares of the company’s stock, valued at $513,389.61. The trade was a 29,411.76% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Analyst Ratings Changes

Several research firms have issued reports 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 cut GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group currently has a consensus rating of “Reduce”.

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.