Hudson Bay Capital Management LP Purchases New Stake in GCI Liberty, Inc. – Series C GCI Group $GLIBK

Hudson Bay Capital Management LP bought a new position in shares of GCI Liberty, Inc. – Series C GCI Group (NASDAQ:GLIBK) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 24,998 shares of the company’s stock, valued at approximately $932,000. Hudson Bay Capital Management LP owned about 0.09% of GCI Liberty, Inc. – Series C GCI Group as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GLIBK. Quarry LP bought a new position in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter worth about $30,000. Western Pacific Wealth Management LP acquired a new stake in shares of GCI Liberty, Inc. – Series C GCI Group in the third quarter valued at $31,000. Bartlett & CO. Wealth Management LLC acquired a new stake in GCI Liberty, Inc. – Series C GCI Group in the 3rd quarter valued at about $48,000. JTC Employer Solutions Trustee Ltd bought a new stake in GCI Liberty, Inc. – Series C GCI Group during the third quarter worth approximately $49,000. Finally, Amalgamated Bank bought a new stake in shares of GCI Liberty, Inc. – Series C GCI Group during the 3rd quarter worth $50,000.

Analyst Ratings Changes

Several research analysts recently weighed in on GLIBK shares. 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. Zacks Research raised GCI Liberty, Inc. – Series C GCI Group to a “hold” rating in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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

GLIBK stock opened at $35.40 on Monday. The company’s fifty day simple moving average is $38.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.14 and a quick 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. The firm has a market cap of $1.27 billion and a PE ratio of 5.10.

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

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.