Highbridge Capital Management LLC Invests $19.51 Million in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Highbridge Capital Management LLC purchased a new stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 523,459 shares of the company’s stock, valued at approximately $19,509,000. Highbridge Capital Management LLC owned 1.82% of GCI Liberty, Inc. – Series C GCI Group at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in GLIBK. Western Pacific Wealth Management LP acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $31,000. Bartlett & CO. Wealth Management LLC bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter worth $48,000. JTC Employer Solutions Trustee Ltd acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $49,000. Amalgamated Bank bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $50,000. Finally, Whittier Trust Co. bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $64,000.

Wall Street Analysts Forecast Growth

GLIBK has been the subject of several analyst reports. Weiss Ratings upgraded shares of 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. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

GCI Liberty, Inc. – Series C GCI Group Trading Up 0.9%

Shares of NASDAQ GLIBK opened at $40.04 on Friday. The firm has a market capitalization of $1.43 billion and a P/E ratio of 5.77. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.14 and a current ratio of 3.14. GCI Liberty, Inc. – Series C GCI Group has a 12 month low of $29.00 and a 12 month high of $41.17. The business’s 50-day simple moving average is $37.55.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.24. The company 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 Company 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.