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

Key Points

• Barclays PLC bought a new position of 3,218,317 shares in GCI Liberty (GLIBK) in Q3, valued at about $119.95 million11.21% ownership.
• Several other large institutions also initiated sizeable Q3 stakes — including Vanguard (~$81.26M), Alberta Investment Management (~$23.48M), Dimensional (~$20.11M), Highbridge (~$19.51M) and Rothschild (~$6.94M) — signaling broad institutional interest.
• GCI Liberty recently beat quarterly EPS ($1.24 vs. $1.00 est.), has a market cap of about $1.35B with a P/E of 5.43, and carries an average analyst rating of Hold.

Barclays PLC bought a new position in GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,218,317 shares of the company's stock, valued at approximately $119,947,000. Barclays PLC owned approximately 11.21% of GCI Liberty, Inc. - Series C GCI Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GLIBK. Vanguard Group Inc. purchased a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the 3rd quarter valued at approximately $81,260,000. Alberta Investment Management Corp bought a new stake in GCI Liberty, Inc. - Series C GCI Group during the 3rd quarter valued at $23,480,000. Dimensional Fund Advisors LP bought a new stake in GCI Liberty, Inc. - Series C GCI Group during the 3rd quarter valued at $20,108,000. Highbridge Capital Management LLC purchased a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the third quarter worth $19,509,000. Finally, Rothschild & Co Wealth Management UK Ltd purchased a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the third quarter worth $6,942,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GLIBK. Weiss Ratings upgraded 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. Zacks Research raised GCI Liberty, Inc. - Series C GCI Group to a "hold" rating in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold".

GCI Liberty, Inc. - Series C GCI Group Trading Up 0.3%

GCI Liberty, Inc. - Series C GCI Group stock opened at $37.65 on Friday. The business's 50 day moving average price is $38.10. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.35 billion and a price-to-earnings ratio of 5.43. GCI Liberty, Inc. - Series C GCI Group has a 1-year low of $29.00 and a 1-year high of $41.17.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.00 by $0.24. The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate of $264.00 million.

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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