Gamco Investors INC. ET AL Has $20.78 Million Stake in GCI Liberty Inc (GLIBA)

Gamco Investors INC. ET AL cut its position in GCI Liberty Inc (NASDAQ:GLIBA) by 6.5% in the first quarter, HoldingsChannel reports. The firm owned 373,732 shares of the company’s stock after selling 25,918 shares during the quarter. Gamco Investors INC. ET AL’s holdings in GCI Liberty were worth $20,783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in GCI Liberty by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 549,167 shares of the company’s stock valued at $28,007,000 after purchasing an additional 8,078 shares in the last quarter. Legal & General Group Plc increased its holdings in GCI Liberty by 4.8% during the 3rd quarter. Legal & General Group Plc now owns 52,449 shares of the company’s stock valued at $2,675,000 after purchasing an additional 2,390 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in GCI Liberty during the 3rd quarter valued at $254,000. Vanguard Group Inc increased its holdings in GCI Liberty by 2.3% during 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 in the last quarter. Finally, Teachers Advisors LLC increased its holdings in GCI Liberty by 0.5% during the 3rd quarter. Teachers Advisors LLC now owns 121,002 shares of the company’s stock valued at $6,171,000 after purchasing an additional 615 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on GLIBA shares. Pivotal Research reaffirmed a “buy” rating and set a $65.00 price target on shares of GCI Liberty in a report on Tuesday, March 5th. Zacks Investment Research raised GCI Liberty from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. B. Riley raised their price target on GCI Liberty to $66.00 and gave the company a “buy” rating in a report on Thursday, January 31st. Finally, Citigroup raised their price target on GCI Liberty from $55.00 to $59.00 and gave the company a “neutral” rating in a report on Friday, March 29th.

GLIBA stock opened at $59.61 on Friday. GCI Liberty Inc has a fifty-two week low of $38.72 and a fifty-two week high of $60.60. The firm has a market cap of $6.29 billion, a P/E ratio of -37.73 and a beta of 1.73. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.49.

GCI Liberty (NASDAQ:GLIBA) last released its quarterly earnings results on Thursday, February 28th. The company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.06. GCI Liberty had a negative return on equity of 4.71% and a negative net margin of 118.05%. The firm had revenue of $234.92 million during the quarter, compared to analysts’ expectations of $224.00 million. As a group, equities research analysts expect that GCI Liberty Inc will post -0.76 EPS for the current fiscal year.

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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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