Fmr LLC grew its position in GCI Liberty Inc (NASDAQ:GLIBA) by 41.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,166,408 shares of the company’s stock after purchasing an additional 924,572 shares during the quarter. Fmr LLC owned approximately 2.90% of GCI Liberty worth $161,487,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in GCI Liberty by 36.0% during the third quarter. PNC Financial Services Group Inc. now owns 60,872 shares of the company’s stock worth $3,104,000 after buying an additional 16,122 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in GCI Liberty by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 549,167 shares of the company’s stock worth $28,007,000 after buying an additional 8,078 shares during the last quarter. Guyasuta Investment Advisors Inc. purchased a new stake in GCI Liberty during the third quarter worth about $735,000. Thompson Siegel & Walmsley LLC increased its holdings in GCI Liberty by 29,448.6% during the third quarter. Thompson Siegel & Walmsley LLC now owns 892,367 shares of the company’s stock worth $45,511,000 after buying an additional 889,347 shares during the last quarter. Finally, Wetherby Asset Management Inc. purchased a new stake in GCI Liberty during the third quarter worth about $544,000. 83.62% of the stock is currently owned by institutional investors.
Shares of NASDAQ:GLIBA opened at $45.89 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.96 and a quick ratio of 4.96. GCI Liberty Inc has a twelve month low of $41.33 and a twelve month high of $55.47.
GCI Liberty (NASDAQ:GLIBA) last issued its earnings results on Thursday, November 8th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.62). The business had revenue of $210.15 million for the quarter, compared to the consensus estimate of $234.00 million. GCI Liberty had a negative return on equity of 26.66% and a negative net margin of 67.49%. Sell-side analysts expect that GCI Liberty Inc will post -2.17 EPS for the current year.
Separately, B. Riley reiterated a “buy” rating on shares of GCI Liberty in a research report on Tuesday.
About GCI Liberty
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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