Fmr LLC Acquires 962,193 Shares of GCI Liberty Inc Class A (GLIBA)

Fmr LLC raised its holdings in shares of GCI Liberty Inc Class A (NASDAQ:GLIBA) by 75.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,241,836 shares of the company’s stock after buying an additional 962,193 shares during the period. Fmr LLC owned about 2.06% of GCI Liberty Inc Class A worth $101,062,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of GCI Liberty Inc Class A during the second quarter valued at approximately $318,000. Alps Advisors Inc. raised its stake in shares of GCI Liberty Inc Class A by 2.4% during the second quarter. Alps Advisors Inc. now owns 151,200 shares of the company’s stock valued at $6,816,000 after purchasing an additional 3,500 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of GCI Liberty Inc Class A by 21.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 380,332 shares of the company’s stock valued at $17,146,000 after purchasing an additional 66,376 shares during the period. Clearline Capital LP purchased a new stake in shares of GCI Liberty Inc Class A during the second quarter valued at approximately $3,087,000. Finally, Bank of Montreal Can raised its stake in shares of GCI Liberty Inc Class A by 38.0% during the second quarter. Bank of Montreal Can now owns 8,667 shares of the company’s stock valued at $391,000 after purchasing an additional 2,387 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on GLIBA shares. B. Riley dropped their price target on shares of GCI Liberty Inc Class A from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Zacks Investment Research upgraded shares of GCI Liberty Inc Class A from a “sell” rating to a “hold” rating in a research note on Monday, July 30th.

Shares of NASDAQ:GLIBA opened at $46.61 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 5.63 and a quick ratio of 5.63. GCI Liberty Inc Class A has a 12-month low of $41.33 and a 12-month high of $55.47.

GCI Liberty Inc Class A (NASDAQ:GLIBA) last issued its quarterly earnings results on Thursday, November 8th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.62). The company had revenue of $210.15 million during the quarter, compared to the consensus estimate of $234.00 million. GCI Liberty Inc Class A had a negative return on equity of 25.80% and a negative net margin of 81.45%. On average, sell-side analysts predict that GCI Liberty Inc Class A will post -1.58 EPS for the current year.

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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.

See Also: Book Value Per Share – BVPS

Institutional Ownership by Quarter for GCI Liberty Inc Class A (NASDAQ:GLIBA)

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