Luxor Capital Group LP Sells 81,500 Shares of GCI Liberty, Inc. – Series C GCI Group $GLIBK

Luxor Capital Group LP lessened its stake in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 32.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 170,622 shares of the company’s stock after selling 81,500 shares during the quarter. GCI Liberty, Inc. – Series C GCI Group comprises about 0.4% of Luxor Capital Group LP’s portfolio, making the stock its 23rd largest holding. Luxor Capital Group LP’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $6,349,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GLIBK. Quarry LP bought a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $30,000. FNY Investment Advisers LLC acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter valued at approximately $33,000. Fifth Third Bancorp acquired a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the first quarter valued at approximately $38,000. Highlander Partners L.P. bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth approximately $63,000. Finally, State of Wyoming bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group during the fourth quarter worth approximately $73,000.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings cut GCI Liberty, Inc. – Series C GCI Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 21st. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, GCI Liberty, Inc. – Series C GCI Group has an average rating of “Reduce”.

GCI Liberty, Inc. – Series C GCI Group Stock Down 1.0%

Shares of NASDAQ GLIBK opened at $21.95 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.31 and a current ratio of 3.31. GCI Liberty, Inc. – Series C GCI Group has a 52 week low of $19.30 and a 52 week high of $41.17. The stock has a market capitalization of $786.91 million and a P/E ratio of -2.05. The stock’s fifty day moving average is $22.10 and its 200 day moving average is $31.48.

GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.76). GCI Liberty, Inc. – Series C GCI Group had a negative net margin of 31.47% and a positive return on equity of 12.74%. Sell-side analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 3.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Ronald A. Duncan bought 65,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was bought at an average cost of $21.04 per share, for a total transaction of $1,367,600.00. Following the transaction, the chief executive officer owned 42,516 shares of the company’s stock, valued at $894,536.64. This represents a -289.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

About GCI Liberty, Inc. – Series C GCI Group

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.