Strs Ohio Takes $420,000 Position in GCI Liberty Inc (GLIBA)

Strs Ohio acquired a new stake in GCI Liberty Inc (NASDAQ:GLIBA) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,565 shares of the company’s stock, valued at approximately $420,000.

Several other large investors also recently added to or reduced their stakes in GLIBA. Bank of New York Mellon Corp lifted its holdings in GCI Liberty by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 549,167 shares of the company’s stock worth $28,007,000 after acquiring an additional 8,078 shares during the last quarter. Legal & General Group Plc lifted its holdings in GCI Liberty by 4.8% in the third quarter. Legal & General Group Plc now owns 52,449 shares of the company’s stock worth $2,675,000 after acquiring an additional 2,390 shares during the last quarter. Great Lakes Advisors LLC bought a new position in GCI Liberty in the third quarter worth about $254,000. Vanguard Group Inc lifted its holdings in GCI Liberty by 2.3% in 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 during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in GCI Liberty by 0.5% in the third quarter. Teachers Advisors LLC now owns 121,002 shares of the company’s stock worth $6,171,000 after acquiring an additional 615 shares during the last quarter. Institutional investors own 89.06% of the company’s stock.

A number of equities analysts have issued reports on GLIBA shares. B. Riley reissued a “buy” rating and issued a $69.00 target price (up previously from $66.00) on shares of GCI Liberty in a report on Monday, March 4th. Pivotal Research reissued a “buy” rating and issued a $65.00 target price on shares of GCI Liberty in a report on Tuesday, March 5th. Zacks Investment Research cut shares of GCI Liberty from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Citigroup raised their target price on shares of GCI Liberty from $55.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, March 29th.

Shares of NASDAQ:GLIBA opened at $59.61 on Friday. GCI Liberty Inc has a 52 week low of $38.72 and a 52 week high of $60.60. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of -37.73 and a beta of 1.73. 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 (NASDAQ:GLIBA) last announced its quarterly earnings results on Thursday, February 28th. The company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.06. GCI Liberty had a negative net margin of 118.05% and a negative return on equity of 4.71%. The company had revenue of $234.92 million for the quarter, compared to analyst estimates of $224.00 million. Sell-side analysts predict that GCI Liberty Inc will post -0.76 EPS for the current 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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