JPMorgan Chase & Co. Takes Position in GCI Liberty, Inc. - Series C GCI Group $GLIBK

Key Points

• JPMorgan Chase & Co. bought a new stake of 50,591 shares in GCI Liberty (GLIBK) during the third quarter, valued at about $1.886 million, representing roughly 0.18% ownership at quarter-end.
• GCI Liberty reported quarterly EPS of $1.24 versus a $1.00 consensus (an EPS beat) while revenue was $262 million versus $264 million expected; shares trade near $36 with a market cap of about $1.29 billion.
• Analysts have moved to a consensus Hold rating (Weiss upgraded from sell to hold; Zacks to hold), and several other hedge funds also initiated small positions in the third quarter.

JPMorgan Chase & Co. purchased a new stake in shares of GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 50,591 shares of the company's stock, valued at approximately $1,886,000. JPMorgan Chase & Co. owned approximately 0.18% of GCI Liberty, Inc. - Series C GCI Group at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the third quarter valued at about $30,000. Western Pacific Wealth Management LP acquired a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the third quarter valued at about $31,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the third quarter valued at about $48,000. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the third quarter valued at about $49,000. Finally, Amalgamated Bank acquired a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the third quarter valued at about $50,000.

Wall Street Analysts Forecast Growth

GLIBK has been the topic of a number of recent analyst reports. Weiss Ratings raised GCI Liberty, Inc. - Series C GCI Group from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, February 12th. Zacks Research raised GCI Liberty, Inc. - Series C GCI Group to a "hold" rating in a research note on Wednesday, February 4th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

GCI Liberty, Inc. - Series C GCI Group Trading Down 1.7%

Shares of GLIBK stock opened at $36.02 on Wednesday. The company has a market cap of $1.29 billion and a P/E ratio of 5.19. The stock has a 50 day simple moving average of $37.76 and a two-hundred day simple moving average of $36.41. 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 issued its earnings results on Wednesday, February 11th. The company reported $1.24 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.24. The business 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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