Marshall Wace North America L.P. Acquires New Position in GCI Liberty Inc (NASDAQ:GLIBA)

Marshall Wace North America L.P. acquired a new stake in GCI Liberty Inc (NASDAQ:GLIBA) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,962 shares of the company’s stock, valued at approximately $554,000.

Several other large investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in GCI Liberty by 4.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,776 shares of the company’s stock valued at $266,000 after purchasing an additional 208 shares in the last quarter. BW Gestao de Investimentos Ltda. increased its holdings in shares of GCI Liberty by 1.7% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 16,325 shares of the company’s stock valued at $672,000 after acquiring an additional 272 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of GCI Liberty by 0.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 139,964 shares of the company’s stock valued at $7,783,000 after acquiring an additional 470 shares during the period. Icon Wealth Partners LLC purchased a new position in shares of GCI Liberty in the 1st quarter valued at $32,000. Finally, Princeton Global Asset Management LLC purchased a new position in shares of GCI Liberty in the 4th quarter valued at $25,000. 87.59% of the stock is owned by institutional investors and hedge funds.

NASDAQ GLIBA traded down $0.07 during trading hours on Thursday, reaching $64.07. The company’s stock had a trading volume of 276,800 shares, compared to its average volume of 423,577. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of -40.55 and a beta of 1.42. GCI Liberty Inc has a 1-year low of $38.72 and a 1-year high of $64.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a 50-day moving average price of $61.55.

GCI Liberty (NASDAQ:GLIBA) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($1.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.83). GCI Liberty had a negative return on equity of 3.67% and a negative net margin of 2.69%. The firm had revenue of $217.74 million for the quarter, compared to analysts’ expectations of $220.00 million. As a group, sell-side analysts expect that GCI Liberty Inc will post 5.73 earnings per share for the current fiscal year.

Several brokerages recently weighed in on GLIBA. B. Riley set a $13.00 target price on Vista Outdoor and gave the stock a “buy” rating in a research note on Friday, May 10th. Citigroup boosted their price target on PVH from $120.00 to $128.00 and gave the company a “neutral” rating in a research note on Friday, March 29th. Pivotal Research reiterated a “buy” rating and set a $69.00 price target (up previously from $65.00) on shares of GCI Liberty in a research note on Friday, May 10th. Finally, Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th.

In other news, Director Ronald A. Duncan sold 50,500 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $60.80, for a total value of $3,070,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.78% of the stock is currently owned by insiders.

GCI Liberty 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.

Further Reading: Reverse Stock Split

Institutional Ownership by Quarter for GCI Liberty (NASDAQ:GLIBA)

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