Illinois Municipal Retirement Fund Invests $852,000 in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Illinois Municipal Retirement Fund acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,863 shares of the company’s stock, valued at approximately $852,000. Illinois Municipal Retirement Fund owned 0.08% of GCI Liberty, Inc. – Series C GCI Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Western Pacific Wealth Management LP purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter valued at $31,000. Bartlett & CO. Wealth Management LLC purchased a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at $48,000. JTC Employer Solutions Trustee Ltd bought a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at about $49,000. Amalgamated Bank purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter worth about $50,000. Finally, Whittier Trust Co. purchased a new position in GCI Liberty, Inc. – Series C GCI Group in the third quarter worth about $64,000.

GCI Liberty, Inc. – Series C GCI Group Trading Down 0.5%

Shares of NASDAQ:GLIBK opened at $39.70 on Friday. The company’s 50 day moving average is $37.40. The company has a market cap of $1.42 billion and a P/E ratio of 5.72. GCI Liberty, Inc. – Series C GCI Group has a 12-month low of $29.00 and a 12-month high of $41.17. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.62.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last released its earnings results on Wednesday, February 11th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.24. The firm had revenue of $262.00 million for the quarter, compared to the consensus estimate of $264.00 million.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GLIBK shares. Zacks Research raised shares of GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings upgraded shares of 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 equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.