Boussard & Gavaudan Investment Management LLP purchased a new position in GCI Liberty Inc (NASDAQ:GLIBA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 191,026 shares of the company’s stock, valued at approximately $13,456,000. GCI Liberty comprises about 2.6% of Boussard & Gavaudan Investment Management LLP’s investment portfolio, making the stock its 6th largest position. Boussard & Gavaudan Investment Management LLP owned approximately 0.18% of GCI Liberty at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Americana Partners LLC bought a new stake in GCI Liberty in the fourth quarter worth $36,000. Shine Investment Advisory Services Inc. lifted its stake in GCI Liberty by 100.2% in the first quarter. Shine Investment Advisory Services Inc. now owns 829 shares of the company’s stock worth $47,000 after purchasing an additional 415 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in GCI Liberty by 61.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,226 shares of the company’s stock worth $75,000 after purchasing an additional 465 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in GCI Liberty in the fourth quarter worth $21,875,000. Finally, Fort L.P. bought a new position in shares of GCI Liberty during the first quarter valued at about $110,000. 88.09% of the stock is owned by institutional investors and hedge funds.
NASDAQ:GLIBA opened at $73.06 on Thursday. The company’s 50 day moving average price is $68.66 and its 200-day moving average price is $66.56. GCI Liberty Inc has a 52 week low of $26.51 and a 52 week high of $79.06. The company has a quick ratio of 3.48, a current ratio of 3.48 and a debt-to-equity ratio of 0.59. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 12.36 and a beta of 1.17.
GCI Liberty (NASDAQ:GLIBA) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($5.99) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($5.79). The firm had revenue of $235.80 million for the quarter, compared to analysts’ expectations of $220.00 million. GCI Liberty had a net margin of 68.83% and a negative return on equity of 5.05%. As a group, sell-side analysts anticipate that GCI Liberty Inc will post 2.17 earnings per share for the current year.
In related news, Director Ronald A. Duncan sold 64,363 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $61.03, for a total transaction of $3,928,073.89. Following the transaction, the director now owns 762,577 shares in the company, valued at $46,540,074.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.15% of the stock is owned by corporate insiders.
Several brokerages have recently commented on GLIBA. Pivotal Research reaffirmed a “buy” rating and set a $96.00 price objective on shares of GCI Liberty in a research note on Monday, May 11th. BidaskClub raised shares of GCI Liberty from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. B. Riley reiterated a “buy” rating and set a $89.00 price target on shares of GCI Liberty in a research report on Tuesday, June 30th. Benchmark reduced their price target on shares of GCI Liberty from $82.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, Zacks Investment Research cut shares of GCI Liberty from a “buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $80.83.
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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