Jane Street Group LLC Takes Position in GCI Liberty Inc Class A (GLIBA)

Jane Street Group LLC acquired a new stake in GCI Liberty Inc Class A (NASDAQ:GLIBA) during the 2nd quarter, Holdings Channel reports. The fund acquired 7,059 shares of the company’s stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. State of Alaska Department of Revenue lifted its position in GCI Liberty Inc Class A by 14.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,880 shares of the company’s stock valued at $400,000 after acquiring an additional 1,090 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in GCI Liberty Inc Class A by 31.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,500 shares of the company’s stock worth $382,000 after buying an additional 2,023 shares in the last quarter. Bank of Montreal Can lifted its position in GCI Liberty Inc Class A by 38.0% during the 2nd quarter. Bank of Montreal Can now owns 8,667 shares of the company’s stock worth $391,000 after buying an additional 2,387 shares in the last quarter. Financial Architects Inc bought a new stake in GCI Liberty Inc Class A during the 2nd quarter worth about $131,000. Finally, The Manufacturers Life Insurance Company bought a new stake in GCI Liberty Inc Class A during the 1st quarter worth about $163,000. 80.88% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of GCI Liberty Inc Class A from a “sell” rating to a “hold” rating in a research report on Friday, July 6th. B. Riley cut their price target 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.

Shares of NASDAQ:GLIBA opened at $48.82 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 5.63 and a current ratio of 5.63. GCI Liberty Inc Class A has a one year low of $41.33 and a one year high of $55.47.

GCI Liberty Inc Class A (NASDAQ:GLIBA) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.45. The company had revenue of $233.49 million for the quarter, compared to analyst estimates of $228.00 million. GCI Liberty Inc Class A had a negative net margin of 81.45% and a negative return on equity of 25.80%. Sell-side analysts forecast that GCI Liberty Inc Class A will post -1.58 earnings per share for the current fiscal year.

GCI Liberty Inc Class A Company Profile

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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