Bank of New York Mellon Corp cut its holdings in GCI Liberty Inc Class A (NASDAQ:GLIBA) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 541,089 shares of the company’s stock after selling 3,225 shares during the period. Bank of New York Mellon Corp owned 0.50% of GCI Liberty Inc Class A worth $24,392,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Thompson Siegel & Walmsley LLC purchased a new position in GCI Liberty Inc Class A in the 1st quarter worth approximately $125,000. Financial Architects Inc purchased a new stake in shares of GCI Liberty Inc Class A during the 2nd quarter worth approximately $131,000. Envestnet Asset Management Inc. purchased a new stake in shares of GCI Liberty Inc Class A during the 1st quarter worth approximately $148,000. Sphera Funds Management LTD. purchased a new stake in shares of GCI Liberty Inc Class A during the 1st quarter worth approximately $159,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of GCI Liberty Inc Class A during the 1st quarter worth approximately $163,000. 84.43% of the stock is currently owned by institutional investors.
GLIBA has been the topic of several recent research reports. Zacks Investment Research raised GCI Liberty Inc Class A from a “sell” rating to a “hold” rating in a report on Thursday, June 28th. Citigroup reaffirmed a “neutral” rating and set a $43.00 price objective on shares of GCI Liberty Inc Class A in a report on Wednesday, May 30th. Finally, B. Riley decreased their price objective on GCI Liberty Inc Class A from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd.
Shares of GLIBA opened at $49.06 on Friday. GCI Liberty Inc Class A has a 1 year low of $41.33 and a 1 year high of $55.47. The company has a current ratio of 5.63, a quick ratio of 5.63 and a debt-to-equity ratio of 0.64.
GCI Liberty Inc Class A (NASDAQ:GLIBA) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.45. The business had revenue of $233.49 million for the quarter, compared to analysts’ expectations of $228.00 million. GCI Liberty Inc Class A had a negative return on equity of 25.80% and a negative net margin of 81.45%. sell-side analysts expect that GCI Liberty Inc Class A will post -1.19 earnings per share for the current fiscal year.
GCI Liberty Inc Class A Profile
GCI Liberty, Inc 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 provides cable services; and online invitation and social event planning services, as well as engages in the online lending and real estate business.
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