107,649 GCI Liberty, Inc. - Series A GCI Group $GLIBA Shares Purchased by State Street Corp

Key Points

• State Street increased its GCI Liberty stake by 159.2% in the second quarter, purchasing 107,649 shares and bringing its total holdings to 175,280 shares worth approximately $3.84 million.
• Several other institutional investors also expanded their positions, while director John Malone bought 1,000 shares; insiders have acquired 543,232 shares over the past 90 days.
• Analyst sentiment remains negative: Zacks downgraded the stock to “strong sell,” and GCI Liberty reported quarterly EPS of $0.40, well below the $1.15 consensus estimate.

State Street Corp lifted its stake in GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Free Report) by 159.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 175,280 shares of the company's stock after buying an additional 107,649 shares during the quarter. State Street Corp owned approximately 0.61% of GCI Liberty, Inc. - Series A GCI Group worth $3,839,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Quantinno Capital Management LP raised its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 78.9% during the 1st quarter. Quantinno Capital Management LP now owns 128,543 shares of the company's stock worth $4,737,000 after acquiring an additional 56,675 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of GCI Liberty, Inc. - Series A GCI Group by 29.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 154,189 shares of the company's stock valued at $5,682,000 after acquiring an additional 35,340 shares during the last quarter. Virtu Financial LLC grew its position in GCI Liberty, Inc. - Series A GCI Group by 324.9% in the fourth quarter. Virtu Financial LLC now owns 30,645 shares of the company's stock worth $1,130,000 after acquiring an additional 23,432 shares in the last quarter. WINTON GROUP Ltd purchased a new position in GCI Liberty, Inc. - Series A GCI Group in the second quarter worth about $210,000. Finally, Moran Wealth Management LLC purchased a new position in GCI Liberty, Inc. - Series A GCI Group in the first quarter worth about $281,000.

Insider Transactions at GCI Liberty, Inc. - Series A GCI Group

In related news, Director John Malone purchased 1,000 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average price of $26.00 per share, with a total value of $26,000.00. Following the acquisition, the director owned 2,559,752 shares in the company, valued at $66,553,552. The trade was a 0.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have acquired 543,232 shares of company stock valued at $13,582,081. 7.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded GCI Liberty, Inc. - Series A GCI Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell".

GCI Liberty, Inc. - Series A GCI Group Price Performance

NASDAQ:GLIBA opened at $23.65 on Friday. GCI Liberty, Inc. - Series A GCI Group has a one year low of $19.61 and a one year high of $41.87. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.37 and a current ratio of 3.37. The firm has a market cap of $678.75 million, a price-to-earnings ratio of -2.10 and a beta of -0.87. The firm's fifty day moving average is $25.09 and its two-hundred day moving average is $27.56.

GCI Liberty, Inc. - Series A GCI Group (NASDAQ:GLIBA - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.75). GCI Liberty, Inc. - Series A GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. The company had revenue of $261.00 million for the quarter. Research analysts expect that GCI Liberty, Inc. - Series A GCI Group will post 2.58 EPS for the current year.

GCI Liberty, Inc. - Series A GCI Group Profile

GCI Liberty, Inc was a holding company created in 2018 through the combination of Liberty Interactive's former holdings and GCI Holdings. Its principal operating business was GCI Holdings, an Alaska-based telecommunications company that provided data, wireless, video and voice services to residential, business, government and institutional customers.

Through GCI, the company operated communications networks serving communities throughout Alaska, including areas where geography and limited infrastructure made telecommunications services more challenging to deliver.

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