Swiss National Bank boosted its holdings in shares of GCI Liberty Inc (NASDAQ:GLIBA) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,704 shares of the company’s stock after purchasing an additional 3,300 shares during the period. Swiss National Bank’s holdings in GCI Liberty were worth $9,437,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc grew its stake in shares of GCI Liberty by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 8,405,933 shares of the company’s stock valued at $428,703,000 after purchasing an additional 190,577 shares during the last quarter. Bank of Montreal Can grew its stake in shares of GCI Liberty by 58.8% in the 4th quarter. Bank of Montreal Can now owns 5,809 shares of the company’s stock valued at $239,000 after purchasing an additional 2,152 shares during the last quarter. Rhumbline Advisers grew its stake in shares of GCI Liberty by 2.7% in the 4th quarter. Rhumbline Advisers now owns 104,067 shares of the company’s stock valued at $4,283,000 after purchasing an additional 2,768 shares during the last quarter. River Road Asset Management LLC grew its stake in shares of GCI Liberty by 4.5% in the 4th quarter. River Road Asset Management LLC now owns 1,105,715 shares of the company’s stock valued at $45,511,000 after purchasing an additional 47,890 shares during the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in shares of GCI Liberty in the 4th quarter valued at approximately $276,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.
In related news, Director Ronald A. Duncan sold 50,500 shares of GCI Liberty stock in a transaction on Friday, May 17th. The stock was sold at an average price of $60.80, for a total transaction of $3,070,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.02% of the company’s stock.
Several brokerages have weighed in on GLIBA. Zacks Investment Research downgraded GCI Liberty from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. B. Riley reiterated a “buy” rating and issued a $72.00 target price (up from $69.00) on shares of GCI Liberty in a research note on Friday, May 10th. Pivotal Research reiterated a “buy” rating and issued a $69.00 target price (up from $65.00) on shares of GCI Liberty in a research note on Friday, May 10th. Finally, Citigroup lifted their price target on GCI Liberty from $55.00 to $59.00 and gave the company a “neutral” rating in a research note on Friday, March 29th.
Shares of GLIBA stock opened at $60.27 on Thursday. The firm has a market cap of $6.46 billion, a P/E ratio of -38.15 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. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44.
GCI Liberty (NASDAQ:GLIBA) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($1.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.83). The firm had revenue of $217.74 million for the quarter, compared to analyst estimates of $220.00 million. GCI Liberty had a negative return on equity of 3.67% and a negative net margin of 2.69%. As a group, research analysts predict that GCI Liberty Inc will post 5.73 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: This piece was originally published by Highlight Press and is the sole property of of Highlight Press. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://highlightpress.com/2019/06/13/swiss-national-bank-has-9-44-million-holdings-in-gci-liberty-inc-nasdaqgliba.html.
About GCI Liberty
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.
Featured Story: When can a hold rating present a buying opportunity?
Want to see what other hedge funds are holding GLIBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GCI Liberty Inc (NASDAQ:GLIBA).
Receive News & Ratings for GCI Liberty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCI Liberty and related companies with MarketBeat.com's FREE daily email newsletter.