Liberty Capital Corporation (GLIBK): Rebranded for Expansion

In its Q2 2026 capitalist letter, Longleaf Partners Small-Cap Fund highlighted Liberty Capital Corporation (NASDAQ:GLIBK). Liberty Capital Corporation (NASDAQ:GLIBK) is simply a connection services institution that provides a scope of data, wireless, video, voice, and managed services. GCI Liberty, Inc. rebranded to Liberty Capital Corporation successful May 2026. On July 13, 2026, Liberty Capital Corporation (NASDAQ:GLIBK) closed astatine $22.00 per share, reflecting a marketplace capitalization of $877.91 million. Liberty Capital Corporation (NASDAQ:GLIBK) posted a one-month instrumentality of 3.63%, portion its shares mislaid 29.03% implicit the past 52 weeks.

Longleaf Partners Small-Cap Fund stated the pursuing regarding Liberty Capital Corporation (NASDAQ:GLIBK) successful its Q2 2026 capitalist update:

"Liberty Capital Corporation (NASDAQ:GLIBK) – Alaskan cablegram institution GCI Liberty was a detractor during the quarter. The institution has precocious changed its sanction to Liberty Capital Corp to signify their extremity to alteration into an proprietor of assets beyond their halfway concern successful Alaska. Prior to this move, GCI made a astute acquisition of Quintillion astatine a bully terms for an plus that volition fortify their Alaskan network. We trimmed our holding earlier successful the 4th erstwhile the banal was trading good successful the aftermath of the news. The banal was deed aboriginal successful the 4th arsenic they announced a woody to get a voting involvement successful Liberty Latin America from a backstage equity steadfast and John Malone, with the extremity of yet obtaining control. The marketplace did not similar this decision, and we did not either. To their recognition (and with engagement from us), absorption rapidly rectified it by having Malone acquisition astatine outgo each the shares they had acquired. We expect that the institution volition further region itself from this occurrence arsenic the twelvemonth goes on, but its interaction lingered successful the quarter. Negative wide sentiment for the broadband industry, fueled by SpaceX going nationalist and making outlandish claims, has besides continued to measurement connected the stock. This sentiment fails to instrumentality into relationship the company's beardown equilibrium expanse and a much favorable competitory situation successful Alaska compared to the Lower 48, on with escaped upside for a stronger Alaskan system if the long-discussed LNG task (which 2/3rds to 3/4ths of Alaskans want) comes to fruition. At little than 4x EBITDA, we judge stock repurchase is an intelligent usage of superior and thing that volition instrumentality spot arsenic FCF rolls successful during Q4 arsenic their multi-year superior program winds down. We added to our presumption aboriginal successful the 4th and were encouraged to spot CEO Ron Duncan acquisition shares personally."