AXQ Capital LP Purchases 57,515 Shares of GCI Liberty, Inc. - Series C GCI Group $GLIBK

AXQ Capital LP raised its position in shares of GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Free Report) by 217.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 83,962 shares of the company's stock after buying an additional 57,515 shares during the quarter. AXQ Capital LP owned about 0.23% of GCI Liberty, Inc. - Series C GCI Group worth $1,810,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of GLIBK. Quarry LP acquired a new stake in GCI Liberty, Inc. - Series C GCI Group in the third quarter valued at approximately $30,000. Fifth Third Bancorp acquired a new position in shares of GCI Liberty, Inc. - Series C GCI Group during the first quarter worth $38,000. Corient Private Wealth LLC lifted its holdings in shares of GCI Liberty, Inc. - Series C GCI Group by 13.4% during the 4th quarter. Corient Private Wealth LLC now owns 11,767 shares of the company's stock valued at $438,000 after purchasing an additional 1,391 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of GCI Liberty, Inc. - Series C GCI Group by 70.8% during the 4th quarter. Deutsche Bank AG now owns 4,276 shares of the company's stock valued at $159,000 after purchasing an additional 1,772 shares during the last quarter. Finally, Lionstone Capital Management LLC boosted its position in shares of GCI Liberty, Inc. - Series C GCI Group by 38.4% in the 4th quarter. Lionstone Capital Management LLC now owns 6,810 shares of the company's stock worth $253,000 after purchasing an additional 1,889 shares in the last quarter.

Insider Buying and Selling

In other news, Director John C. Malone purchased 406,730 shares of the firm's stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $24.87 per share, for a total transaction of $10,115,375.10. Following the completion of the purchase, the director directly owned 2,423,250 shares of the company's stock, valued at approximately $60,266,227.50. This trade represents a 20.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 543,232 shares of company stock worth $13,582,081 in the last 90 days.

GCI Liberty, Inc. - Series C GCI Group Trading Up 0.4%

Shares of GLIBK stock opened at $26.27 on Friday. GCI Liberty, Inc. - Series C GCI Group has a 1-year low of $19.30 and a 1-year high of $41.17. The firm has a market cap of $941.78 million, a PE ratio of -2.34 and a beta of -1.02. The company has a 50-day moving average of $23.92 and a two-hundred day moving average of $28.80. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.37 and a quick ratio of 3.37.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.15 by ($0.75). GCI Liberty, Inc. - Series C GCI Group had a negative net margin of 32.53% and a positive return on equity of 11.56%. On average, analysts predict that GCI Liberty, Inc. - Series C GCI Group will post 2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

GLIBK has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of GCI Liberty, Inc. - Series C GCI Group in a research report on Tuesday, August 18th. Zacks Research lowered shares of GCI Liberty, Inc. - Series C GCI Group from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, GCI Liberty, Inc. - Series C GCI Group has an average rating of "Sell".

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.

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