BNP Paribas Arbitrage SA increased its holdings in shares of GCI Liberty Inc (NASDAQ:GLIBA) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,776 shares of the company’s stock after purchasing an additional 208 shares during the period. BNP Paribas Arbitrage SA’s holdings in GCI Liberty were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Princeton Global Asset Management LLC purchased a new position in GCI Liberty in the fourth quarter valued at $25,000. We Are One Seven LLC purchased a new stake in shares of GCI Liberty during the fourth quarter worth about $51,000. Covington Capital Management purchased a new stake in shares of GCI Liberty during the fourth quarter worth about $90,000. Nisa Investment Advisors LLC increased its stake in shares of GCI Liberty by 27.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,195 shares of the company’s stock worth $214,000 after purchasing an additional 1,126 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of GCI Liberty by 58.8% during the fourth quarter. Bank of Montreal Can now owns 5,809 shares of the company’s stock worth $239,000 after purchasing an additional 2,152 shares in the last quarter. 87.71% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the stock. Zacks Investment Research cut shares of GCI Liberty from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Pivotal Research restated a “buy” rating and set a $69.00 price target (up from $65.00) on shares of GCI Liberty in a research report on Friday, May 10th. B. Riley restated a “buy” rating and set a $72.00 price target (up from $69.00) on shares of GCI Liberty in a research report on Friday, May 10th. Finally, Citigroup boosted their price target on shares of GCI Liberty from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, March 29th.
NASDAQ:GLIBA traded up $0.20 on Friday, hitting $60.37. The stock had a trading volume of 200,714 shares, compared to its average volume of 437,376. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of -38.21 and a beta of 1.52. GCI Liberty Inc has a 1-year low of $38.72 and a 1-year high of $61.87.
GCI Liberty (NASDAQ:GLIBA) last posted its earnings results on Thursday, May 9th. The company reported ($1.12) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.83). The firm had revenue of $217.74 million during the quarter, compared to analyst estimates of $220.00 million. GCI Liberty had a negative net margin of 2.69% and a negative return on equity of 3.67%. As a group, equities analysts anticipate that GCI Liberty Inc will post 5.73 earnings per share for the current fiscal year.
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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.
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