Rhumbline Advisers Makes New $773,000 Investment in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Rhumbline Advisers purchased a new stake in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,744 shares of the company’s stock, valued at approximately $773,000. Rhumbline Advisers owned approximately 0.07% of GCI Liberty, Inc. – Series C GCI Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Western Pacific Wealth Management LP purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth approximately $31,000. Bartlett & CO. Wealth Management LLC acquired a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at $48,000. JTC Employer Solutions Trustee Ltd purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth approximately $49,000. Amalgamated Bank acquired a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth $50,000. Finally, Whittier Trust Co. acquired a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth about $64,000.

GCI Liberty, Inc. – Series C GCI Group Stock Down 1.1%

Shares of NASDAQ GLIBK opened at $38.79 on Wednesday. The firm has a market capitalization of $1.39 billion and a PE ratio of 5.59. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.14 and a quick ratio of 3.14. The company has a 50-day moving average of $38.03. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $29.00 and a 52 week high of $41.17.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its quarterly earnings data on Wednesday, February 11th. The company reported $1.24 EPS for the quarter, topping the consensus estimate 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.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GLIBK shares. Zacks Research upgraded GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings raised 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. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, GCI Liberty, Inc. – Series C GCI Group has a consensus rating of “Hold”.

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.