Legal & General Group Plc increased its stake in shares of GCI Liberty Inc (NASDAQ:GLIBA) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,359 shares of the company’s stock after purchasing an additional 4,910 shares during the period. Legal & General Group Plc owned approximately 0.05% of GCI Liberty worth $2,360,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Hudson Bay Capital Management LP bought a new position in GCI Liberty during the fourth quarter worth about $20,345,000. Manor Road Capital Partners LLC lifted its holdings in GCI Liberty by 45.5% during the fourth quarter. Manor Road Capital Partners LLC now owns 800,000 shares of the company’s stock worth $32,928,000 after acquiring an additional 250,000 shares in the last quarter. Brown Advisory Inc. lifted its holdings in GCI Liberty by 10.9% during the fourth quarter. Brown Advisory Inc. now owns 2,130,942 shares of the company’s stock worth $87,710,000 after acquiring an additional 209,394 shares in the last quarter. BlackRock Inc. lifted its holdings in GCI Liberty by 4.4% during the fourth quarter. BlackRock Inc. now owns 4,693,583 shares of the company’s stock worth $193,189,000 after acquiring an additional 195,797 shares in the last quarter. Finally, Vanguard Group Inc lifted its holdings in GCI Liberty by 2.3% during the third quarter. Vanguard Group Inc now owns 8,405,933 shares of the company’s stock worth $428,703,000 after acquiring an additional 190,577 shares in the last quarter. 89.06% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on GLIBA shares. B. Riley reiterated a “buy” rating and set a $69.00 target price (up from $66.00) on shares of GCI Liberty in a report on Monday, March 4th. Pivotal Research reiterated a “buy” rating and set a $65.00 target price on shares of GCI Liberty in a report on Tuesday, March 5th. Zacks Investment Research lowered GCI Liberty from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Citigroup boosted 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.
GCI Liberty (NASDAQ:GLIBA) last issued its quarterly earnings results on Thursday, February 28th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.06. The company had revenue of $234.92 million for the quarter, compared to analyst estimates of $224.00 million. GCI Liberty had a negative return on equity of 4.71% and a negative net margin of 118.05%. On average, equities analysts expect that GCI Liberty Inc will post -0.76 EPS for the current year.
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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.
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