Tocqueville Asset Management L.P. decreased its position in shares of GCI Liberty Inc (NASDAQ:GLIBA) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,889 shares of the company’s stock after selling 2,678 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.10% of GCI Liberty worth $5,655,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. increased its position in GCI Liberty by 8.6% during the second quarter. BlackRock Inc. now owns 4,571,731 shares of the company’s stock valued at $206,093,000 after acquiring an additional 363,390 shares during the last quarter. FMR LLC increased its position in GCI Liberty by 41.2% during the third quarter. FMR LLC now owns 3,166,408 shares of the company’s stock valued at $161,487,000 after acquiring an additional 924,572 shares during the last quarter. Artisan Partners Limited Partnership increased its position in GCI Liberty by 88.0% during the second quarter. Artisan Partners Limited Partnership now owns 2,879,137 shares of the company’s stock valued at $129,791,000 after acquiring an additional 1,347,438 shares during the last quarter. Makaira Partners LLC increased its position in GCI Liberty by 21.5% during the second quarter. Makaira Partners LLC now owns 2,330,043 shares of the company’s stock valued at $105,038,000 after acquiring an additional 411,961 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in GCI Liberty by 7.6% during the third quarter. Brown Advisory Inc. now owns 1,921,548 shares of the company’s stock valued at $97,999,000 after acquiring an additional 135,946 shares during the last quarter. Institutional investors and hedge funds own 83.62% of the company’s stock.
NASDAQ GLIBA opened at $45.89 on Friday. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.62. GCI Liberty Inc has a 12 month low of $41.33 and a 12 month high of $55.47.
GCI Liberty (NASDAQ:GLIBA) last posted its quarterly earnings results on Thursday, November 8th. The company reported ($0.73) EPS for the quarter, missing the Zacks’ consensus estimate 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 had a negative return on equity of 26.66% and a negative net margin of 67.49%. As a group, sell-side analysts predict that GCI Liberty Inc will post -2.17 earnings per share for the current year.
Separately, B. Riley restated a “buy” rating on shares of GCI Liberty in a report on Tuesday.
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GCI Liberty Company 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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