GCI Liberty, Inc. - Series C GCI Group $GLIBK Shares Bought by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its GCI Liberty Series C holdings by 64.3% in the first quarter, adding 44,368 shares to reach 113,411 shares valued at approximately $4.22 million.
• CEO Ronald A. Duncan purchased 65,000 shares at an average price of $21.04, representing a total investment of about $1.37 million.
• GLIBK recently traded at $24.00, well below its 12-month high of $41.17. The company missed quarterly EPS estimates ($0.40 versus $1.15 expected), while analysts maintain a consensus “Reduce” rating.

Quantinno Capital Management LP increased its holdings in GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Free Report) by 64.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 113,411 shares of the company's stock after acquiring an additional 44,368 shares during the quarter. Quantinno Capital Management LP owned approximately 0.32% of GCI Liberty, Inc. - Series C GCI Group worth $4,220,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GLIBK. JPMorgan Chase & Co. purchased a new stake in GCI Liberty, Inc. - Series C GCI Group during the 3rd quarter worth approximately $1,886,000. US Bancorp DE purchased a new position in shares of GCI Liberty, Inc. - Series C GCI Group during the 3rd quarter valued at approximately $79,000. Dimensional Fund Advisors LP acquired a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the third quarter worth approximately $20,108,000. Korea Investment CORP acquired a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the third quarter worth approximately $343,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of GCI Liberty, Inc. - Series C GCI Group in the third quarter worth $7,437,000.

Insiders Place Their Bets

In other GCI Liberty, Inc. - Series C GCI Group news, CEO Ronald A. Duncan bought 65,000 shares of the business's stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of $21.04 per share, with a total value of $1,367,600.00. Following the completion of the acquisition, the chief executive officer directly owned 42,516 shares of the company's stock, valued at approximately $894,536.64. The trade was a -289.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

GCI Liberty, Inc. - Series C GCI Group stock opened at $24.00 on Friday. 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 has a 12 month low of $19.30 and a 12 month high of $41.17. The company has a fifty day moving average price of $21.91 and a two-hundred day moving average price of $30.46. The company has a market cap of $860.40 million and a PE ratio of -2.13.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) last posted 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 positive return on equity of 11.82% and a negative net margin of 32.53%. Research analysts expect that GCI Liberty, Inc. - Series C GCI Group will post 3.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on GLIBK. 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 upgraded shares of GCI Liberty, Inc. - Series C GCI Group from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce".

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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