Empyrean Capital Partners LP Purchases 109,062 Shares of GCI Liberty, Inc. – Series C GCI Group $GLIBK

Empyrean Capital Partners LP raised its holdings in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 59.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 293,218 shares of the company’s stock after acquiring an additional 109,062 shares during the period. Empyrean Capital Partners LP’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $10,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Quarry LP bought a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at approximately $30,000. FNY Investment Advisers LLC acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter worth about $33,000. Central Pacific Bank Trust Division bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter worth approximately $48,000. Highlander Partners L.P. acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the 4th quarter worth approximately $63,000. Finally, State of Wyoming acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at $73,000.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GLIBK. Weiss Ratings cut GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. 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. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Insider Buying and Selling

In other GCI Liberty, Inc. – Series C GCI Group news, CEO Ronald A. Duncan bought 65,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the purchase, the chief executive officer directly owned 42,516 shares of the company’s stock, valued at approximately $894,536.64. This trade represents a -289.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

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

GCI Liberty, Inc. – Series C GCI Group stock opened at $20.30 on Thursday. The firm has a market cap of $727.76 million and a P/E ratio of -1.90. GCI Liberty, Inc. – Series C GCI Group has a one year low of $20.10 and a one year high of $41.17. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31. The stock’s 50 day moving average is $28.47 and its 200 day moving average is $33.87.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last announced its earnings results on Thursday, May 7th. The company reported $0.45 earnings per share 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%. As a group, research analysts expect that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current year.

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.