Northwestern Mutual Wealth Management Co. Boosts Stock Holdings in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Northwestern Mutual Wealth Management Co. increased its position in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 6,855,845.5% in the 4th quarter, HoldingsChannel reports. The firm owned 2,262,462 shares of the company’s stock after purchasing an additional 2,262,429 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.08% of GCI Liberty, Inc. – Series C GCI Group worth $84,186,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GLIBK. Quarry LP purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $30,000. FNY Investment Advisers LLC purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $33,000. Central Pacific Bank Trust Division acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $48,000. Amalgamated Bank acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $50,000. Finally, Highlander Partners L.P. acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth about $63,000.

Analyst Ratings Changes

Several brokerages have weighed in on GLIBK. Weiss Ratings lowered shares of GCI Liberty, Inc. – Series C GCI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Zacks Research lowered shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research report on Thursday. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group presently has an average rating of “Sell”.

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

Shares of GLIBK opened at $25.26 on Monday. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average is $35.00 and its two-hundred day moving average is $35.85. GCI Liberty, Inc. – Series C GCI Group has a twelve month low of $25.18 and a twelve month high of $41.17. The firm has a market capitalization of $905.65 million and a P/E ratio of -2.36.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released 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%. On average, research analysts predict that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share 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.