Slotnik Capital LLC Has $3.18 Million Stake in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Slotnik Capital LLC reduced its stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 47.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,540 shares of the company’s stock after selling 78,094 shares during the period. GCI Liberty, Inc. – Series C GCI Group comprises approximately 0.7% of Slotnik Capital LLC’s investment portfolio, making the stock its 21st largest position. Slotnik Capital LLC’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $3,183,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at approximately $30,000. FNY Investment Advisers LLC acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at approximately $33,000. Central Pacific Bank Trust Division acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at approximately $48,000. KBC Group NV boosted its stake in shares of GCI Liberty, Inc. – Series C GCI Group by 202.2% in the 4th 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 in the last quarter. Finally, Highlander Partners L.P. acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the 4th quarter valued at approximately $63,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GLIBK shares. 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. 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 equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Insider Transactions at GCI Liberty, Inc. – Series C GCI Group

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

GCI Liberty, Inc. – Series C GCI Group Stock Down 4.6%

Shares of NASDAQ GLIBK opened at $21.62 on Tuesday. The company has a 50 day simple moving average of $29.12 and a 200 day simple moving average of $34.05. The firm has a market cap of $775.08 million and a PE ratio of -2.02. 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 debt-to-equity ratio of 0.61, a current ratio of 3.31 and a quick ratio of 3.31.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last issued its quarterly earnings data 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 negative net margin of 31.47% and a positive return on equity of 12.74%. On average, research analysts forecast 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.