Renaissance Technologies LLC Raises Stock Holdings in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Renaissance Technologies LLC lifted its stake in GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) by 428.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,300 shares of the company’s stock after buying an additional 198,900 shares during the quarter. Renaissance Technologies LLC’s holdings in GCI Liberty, Inc. – Series C GCI Group were worth $9,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in GCI Liberty, Inc. – Series C GCI Group by 6,855,845.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,262,462 shares of the company’s stock worth $84,186,000 after acquiring an additional 2,262,429 shares in the last quarter. UBS Group AG purchased a new position in GCI Liberty, Inc. – Series C GCI Group during the third quarter valued at approximately $77,195,000. Vanguard Group Inc. lifted its holdings in GCI Liberty, Inc. – Series C GCI Group by 40.2% during the fourth quarter. Vanguard Group Inc. now owns 3,057,197 shares of the company’s stock valued at $113,758,000 after purchasing an additional 876,902 shares in the last quarter. BROOKFIELD Corp ON bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter worth approximately $27,029,000. Finally, Kontiki Capital Management HK Ltd. bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group in the fourth quarter worth approximately $25,979,000.

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

NASDAQ:GLIBK opened at $23.17 on Monday. The stock has a 50-day moving average price of $21.87 and a 200 day moving average price of $30.92. The stock has a market capitalization of $830.64 million and a P/E ratio of -2.16. 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 current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61.

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 positive return on equity of 12.74% and a negative net margin of 31.47%. Equities research analysts forecast that GCI Liberty, Inc. – Series C GCI Group will post 3.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GLIBK. Zacks Research raised 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. Weiss Ratings cut 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. One equities research 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 currently has a consensus rating of “Reduce”.

Insider Transactions at GCI Liberty, Inc. – Series C GCI Group

In related news, CEO Ronald A. Duncan acquired 65,000 shares of GCI Liberty, Inc. – Series C GCI Group stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the completion of the transaction, the chief executive officer directly owned 42,516 shares in the company, valued at approximately $894,536.64. This represents a -289.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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.