First Quadrant L P CA increased its stake in GCI Liberty Inc (NASDAQ:GLIBA) by 107.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,152 shares of the company’s stock after buying an additional 2,152 shares during the quarter. First Quadrant L P CA’s holdings in GCI Liberty were worth $295,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carroll Financial Associates Inc. lifted its holdings in GCI Liberty by 164.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 391 shares of the company’s stock valued at $27,000 after purchasing an additional 243 shares during the last quarter. Crewe Advisors LLC acquired a new stake in GCI Liberty during the 2nd quarter valued at $28,000. Shine Investment Advisory Services Inc. lifted its holdings in GCI Liberty by 100.2% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 829 shares of the company’s stock valued at $47,000 after purchasing an additional 415 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in GCI Liberty by 61.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,226 shares of the company’s stock valued at $75,000 after purchasing an additional 465 shares during the last quarter. Finally, Fort L.P. acquired a new stake in GCI Liberty during the 1st quarter valued at $110,000. 87.87% of the stock is owned by institutional investors.
GLIBA has been the topic of several recent research reports. BidaskClub upgraded GCI Liberty from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. B. Riley reiterated a “buy” rating and set a $89.00 price objective on shares of GCI Liberty in a research report on Tuesday, June 30th. Zacks Investment Research cut GCI Liberty from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Pivotal Research reiterated a “buy” rating and set a $96.00 price objective on shares of GCI Liberty in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $80.83.
Shares of NASDAQ GLIBA opened at $78.39 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.48 and a current ratio of 3.48. GCI Liberty Inc has a 52 week low of $26.51 and a 52 week high of $79.53. The stock’s fifty day moving average is $71.28 and its 200 day moving average is $66.96.
GCI Liberty (NASDAQ:GLIBA) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($5.99) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($5.79). GCI Liberty had a negative return on equity of 5.05% and a net margin of 68.83%. The company had revenue of $235.80 million during the quarter, compared to the consensus estimate of $220.00 million. On average, analysts predict that GCI Liberty Inc will post 2.17 earnings per share for the current fiscal year.
In related news, Director Ronald A. Duncan sold 64,363 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $61.03, for a total value of $3,928,073.89. Following the transaction, the director now owns 762,577 shares in the company, valued at $46,540,074.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.15% of the stock is currently owned by company insiders.
GCI Liberty Profile
GCI Liberty, Inc, together with its subsidiaries, provides various communication services in the United States. The company offers data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions. It also operates a digital invitation platform that provides custom display advertising, native advertising content, custom video, and brand partnership services.
Recommended Story: Why Invest in Dividend Kings
Want to see what other hedge funds are holding GLIBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GCI Liberty Inc (NASDAQ:GLIBA).
Receive News & Ratings for GCI Liberty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCI Liberty and related companies with MarketBeat.com's FREE daily email newsletter.