GCI Liberty, Inc. - Series C GCI Group $GLIBK Shares Purchased by UBS Group AG

Key Points

• UBS Group AG increased its position in GCI Liberty (Series C, NASDAQ:GLIBK) by 56.1% in Q4 to 3,233,608 shares, representing a 11.27% ownership stake worth about $120.3 million.
• GCI Liberty reported quarterly EPS of $1.24, beating the $1.00 consensus while revenue of $262 million slightly missed the $264 million estimate, and the stock carries an average analyst rating of Hold.
• The shares trade near $33.90 with a market capitalization of $1.21 billion, a P/E of 4.88, and a 52-week range of $29.00 to $41.17.

UBS Group AG lifted its position in GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Free Report) by 56.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,233,608 shares of the company's stock after acquiring an additional 1,162,370 shares during the period. UBS Group AG owned 11.27% of GCI Liberty, Inc. - Series C GCI Group worth $120,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the 3rd quarter valued at $30,000. Western Pacific Wealth Management LP acquired a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the 3rd quarter valued at $31,000. FNY Investment Advisers LLC acquired a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the 4th quarter valued at $33,000. Central Pacific Bank Trust Division acquired a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the 4th quarter valued at $48,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new position in shares of GCI Liberty, Inc. - Series C GCI Group in the 3rd quarter valued at $49,000.

Wall Street Analyst Weigh In

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

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

Shares of GLIBK opened at $33.90 on Friday. The business's 50-day moving average is $36.97 and its two-hundred day moving average is $36.37. The company has a market capitalization of $1.21 billion and a P/E ratio of 4.88. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.14 and a current ratio of 3.14. GCI Liberty, Inc. - Series C GCI Group has a fifty-two week low of $29.00 and a fifty-two week 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 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.24. The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $264.00 million. Research analysts predict that GCI Liberty, Inc. - Series C GCI Group will post 4.16 earnings per share for the current year.

GCI Liberty, Inc. - Series C GCI Group 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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