Amundi Makes New Investment in GCI Liberty, Inc. - Series C GCI Group $GLIBK

Key Points

• Amundi acquired 75,727 GLIBK shares worth approximately $2.8 million in the first quarter, representing about 0.21% of GCI Liberty’s outstanding stock.
• Other institutions also increased their positions, including Vanguard, which raised its stake by 40.2%, while Northwestern Mutual added more than 2.26 million shares.
• GLIBK recently traded at $23.95, well below its 52-week high of $41.17. The company missed quarterly earnings expectations, reporting $0.40 per share versus the $1.15 consensus estimate, and analysts maintain a “Reduce” average rating.

Amundi bought a new position in shares of GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 75,727 shares of the company's stock, valued at approximately $2,818,000. Amundi owned approximately 0.21% of GCI Liberty, Inc. - Series C GCI Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in GCI Liberty, Inc. - Series C GCI Group by 6,855,845.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company's stock valued at $84,186,000 after acquiring an additional 2,262,429 shares in the last quarter. UBS Group AG acquired a new position in shares of GCI Liberty, Inc. - Series C GCI Group during the 3rd quarter worth approximately $77,195,000. Vanguard Group Inc. grew its position in shares of GCI Liberty, Inc. - Series C GCI Group by 40.2% in the fourth quarter. Vanguard Group Inc. now owns 3,057,197 shares of the company's stock valued at $113,758,000 after purchasing an additional 876,902 shares in the last quarter. BROOKFIELD Corp ON purchased a new stake in shares of GCI Liberty, Inc. - Series C GCI Group in the fourth quarter valued at approximately $27,029,000. Finally, Kontiki Capital Management HK Ltd. acquired a new stake in shares of GCI Liberty, Inc. - Series C GCI Group in the fourth quarter valued at approximately $25,979,000.

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

Shares of GLIBK opened at $23.95 on Friday. The firm has a 50-day simple moving average of $21.88 and a two-hundred day simple moving average of $30.51. The stock has a market cap of $858.61 million and a PE ratio of -2.24. GCI Liberty, Inc. - Series C GCI Group has a 1-year low of $19.30 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 - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.75). 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, analysts forecast that GCI Liberty, Inc. - Series C GCI Group will post 3.36 EPS for the current year.

Analyst Ratings Changes

GLIBK has been the topic of a number of analyst reports. Weiss Ratings downgraded GCI Liberty, Inc. - Series C GCI Group from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, May 21st. Zacks Research upgraded GCI Liberty, Inc. - Series C GCI Group from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce".

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

In other news, CEO Ronald A. Duncan bought 65,000 shares of the business's stock in a transaction on Wednesday, June 3rd. The shares were bought at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the transaction, the chief executive officer directly owned 42,516 shares in the company, valued at $894,536.64. This trade represents a -289.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

About GCI Liberty, Inc. - Series C GCI Group

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.

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