Kontiki Capital Management HK Ltd. Invests $25.98 Million in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Kontiki Capital Management HK Ltd. acquired a new position in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 698,184 shares of the company’s stock, valued at approximately $25,979,000. GCI Liberty, Inc. – Series C GCI Group makes up 1.5% of Kontiki Capital Management HK Ltd.’s portfolio, making the stock its 8th largest holding. Kontiki Capital Management HK Ltd. owned approximately 2.43% of GCI Liberty, Inc. – Series C GCI Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $30,000. FNY Investment Advisers LLC purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at $33,000. Central Pacific Bank Trust Division purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at $48,000. KBC Group NV boosted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 202.2% in the fourth quarter. KBC Group NV now owns 2,245 shares of the company’s stock valued at $84,000 after purchasing an additional 1,502 shares during the period. Finally, Highlander Partners L.P. purchased a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at $63,000.

GCI Liberty, Inc. – Series C GCI Group Trading Up 4.1%

GCI Liberty, Inc. – Series C GCI Group stock opened at $21.56 on Friday. The firm’s 50-day moving average is $30.97 and its 200-day moving average is $34.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31. GCI Liberty, Inc. – Series C GCI Group has a 1 year low of $20.33 and a 1 year high of $41.17. The company has a market cap of $772.93 million and a P/E ratio of -2.01.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. On average, equities analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current year.

Insider Activity

In other GCI Liberty, Inc. – Series C GCI Group news, CEO Ronald A. Duncan purchased 65,000 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average cost of $21.04 per share, for a total transaction of $1,367,600.00. Following the transaction, the chief executive officer owned 42,516 shares in the company, valued at $894,536.64. This represents a -289.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Zacks Research downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Weiss Ratings downgraded shares of GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.