GCI Liberty (GLIBA) Given Buy Rating at B. Riley

B. Riley reiterated their buy rating on shares of GCI Liberty (NASDAQ:GLIBA) in a report released on Tuesday morning. B. Riley also issued estimates for GCI Liberty’s Q4 2018 earnings at ($0.23) EPS, FY2018 earnings at ($2.17) EPS, FY2019 earnings at ($0.75) EPS, FY2020 earnings at ($0.53) EPS and FY2021 earnings at ($0.35) EPS.

NASDAQ GLIBA opened at $45.89 on Tuesday. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.62. GCI Liberty has a 52-week low of $41.33 and a 52-week high of $55.47.

GCI Liberty (NASDAQ:GLIBA) last released its quarterly earnings data on Thursday, November 8th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.62). GCI Liberty had a negative net margin of 67.49% and a negative return on equity of 26.66%. The business had revenue of $210.15 million for the quarter, compared to the consensus estimate of $234.00 million. As a group, equities research analysts forecast that GCI Liberty will post -2.17 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group boosted its stake in shares of GCI Liberty by 5,000.0% during the third quarter. Rehmann Capital Advisory Group now owns 5,712 shares of the company’s stock valued at $112,000 after purchasing an additional 5,600 shares in the last quarter. Financial Architects Inc bought a new position in shares of GCI Liberty during the second quarter valued at approximately $131,000. BNP Paribas Arbitrage SA boosted its stake in shares of GCI Liberty by 939.1% during the second quarter. BNP Paribas Arbitrage SA now owns 4,115 shares of the company’s stock valued at $186,000 after purchasing an additional 3,719 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of GCI Liberty during the first quarter valued at approximately $201,000. Finally, Howland Capital Management LLC acquired a new stake in GCI Liberty in the third quarter valued at approximately $204,000. Hedge funds and other institutional investors own 83.62% of the company’s stock.

About GCI Liberty

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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