3,809 Shares in GCI Liberty Inc Class A (NASDAQ:GLIBA) Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH purchased a new stake in GCI Liberty Inc Class A (NASDAQ:GLIBA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,809 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GLIBA. Thompson Siegel & Walmsley LLC bought a new position in GCI Liberty Inc Class A in the 1st quarter worth $125,000. Envestnet Asset Management Inc. purchased a new stake in shares of GCI Liberty Inc Class A in the 1st quarter worth about $148,000. Sphera Funds Management LTD. purchased a new stake in shares of GCI Liberty Inc Class A in the 1st quarter worth about $159,000. The Manufacturers Life Insurance Company purchased a new stake in shares of GCI Liberty Inc Class A in the 1st quarter worth about $163,000. Finally, Waldron LP purchased a new stake in shares of GCI Liberty Inc Class A in the 1st quarter worth about $213,000. 84.43% of the stock is currently owned by institutional investors.

Shares of NASDAQ GLIBA traded up $0.34 during trading on Friday, reaching $49.08. 256,800 shares of the company traded hands, compared to its average volume of 507,591. The company has a quick ratio of 5.63, a current ratio of 5.63 and a debt-to-equity ratio of 0.64. GCI Liberty Inc Class A has a 52-week low of $41.33 and a 52-week high of $55.47.

Several analysts recently commented on the stock. Buckingham Research cut their price objective on shares of GCI Liberty Inc Class A to $76.00 and set a “buy” rating on the stock in a research report on Monday, May 7th. B. Riley cut their price objective on shares of GCI Liberty Inc Class A from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of GCI Liberty Inc Class A from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Finally, Citigroup reissued a “neutral” rating and set a $43.00 price objective on shares of GCI Liberty Inc Class A in a research report on Wednesday, May 30th.

About GCI Liberty Inc Class A

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

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