California State Teachers Retirement System Lowers Stake in GCI Liberty Inc (NASDAQ:GLIBA)

California State Teachers Retirement System cut its stake in shares of GCI Liberty Inc (NASDAQ:GLIBA) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,958 shares of the company’s stock after selling 1,437 shares during the quarter. California State Teachers Retirement System owned 0.15% of GCI Liberty worth $6,707,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GLIBA. Vanguard Group Inc. increased its position in GCI Liberty by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 8,405,933 shares of the company’s stock worth $428,703,000 after purchasing an additional 190,577 shares in the last quarter. Vanguard Group Inc grew its holdings in 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 buying an additional 190,577 shares during the period. BlackRock Inc. grew its holdings in GCI Liberty by 4.4% in the 4th quarter. BlackRock Inc. now owns 4,693,583 shares of the company’s stock valued at $193,189,000 after buying an additional 195,797 shares during the period. FMR LLC lifted its stake in shares of GCI Liberty by 41.2% in the 3rd quarter. FMR LLC now owns 3,166,408 shares of the company’s stock valued at $161,487,000 after purchasing an additional 924,572 shares in the last quarter. Finally, Makaira Partners LLC lifted its stake in shares of GCI Liberty by 14.6% in the 3rd quarter. Makaira Partners LLC now owns 2,669,682 shares of the company’s stock valued at $136,154,000 after purchasing an additional 339,639 shares in the last quarter. 88.46% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ GLIBA traded down $0.02 during trading on Monday, reaching $57.81. The stock had a trading volume of 248,055 shares, compared to its average volume of 503,408. The company has a market capitalization of $6.11 billion and a price-to-earnings ratio of -36.59. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.49. GCI Liberty Inc has a one year low of $38.72 and a one year high of $58.21.

Several equities analysts recently commented on the company. Zacks Investment Research lowered GCI Liberty from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. B. Riley boosted their price target on GCI Liberty to $66.00 and gave the stock a “buy” rating in a research report on Thursday, January 31st. Pivotal Research reissued a “buy” rating and set a $65.00 price target on shares of GCI Liberty in a research report on Tuesday, March 5th. Finally, Citigroup boosted their price target on GCI Liberty from $55.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, March 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. GCI Liberty presently has an average rating of “Buy” and an average target price of $65.80.

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GCI Liberty Company 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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Institutional Ownership by Quarter for GCI Liberty (NASDAQ:GLIBA)

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