GCI Liberty Inc (NASDAQ:GLIBA) has been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. GCI Liberty’s rating score has declined by 19.8% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1 year consensus target price of $66.67 for the company and are predicting that the company will post ($0.26) earnings per share for the current quarter, according to Zacks. Zacks has also assigned GCI Liberty an industry rank of 62 out of 256 based on the ratings given to its competitors.
A number of equities research analysts have recently commented on the company. B. Riley reiterated a “buy” rating and set a $72.00 target price (up from $69.00) on shares of GCI Liberty in a research note on Friday, May 10th. Zacks Investment Research cut GCI Liberty from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, Pivotal Research reissued a “buy” rating and issued a $69.00 target price (up from $65.00) on shares of GCI Liberty in a research note on Friday, May 10th.
GCI Liberty (NASDAQ:GLIBA) last released its quarterly earnings data on Thursday, May 9th. The company reported ($1.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.83). The business had revenue of $217.74 million for the quarter, compared to the consensus estimate of $220.00 million. GCI Liberty had a negative return on equity of 3.67% and a negative net margin of 2.69%. On average, sell-side analysts forecast that GCI Liberty will post 5.73 earnings per share for the current fiscal year.
In other news, Director Ronald A. Duncan sold 50,500 shares of GCI Liberty stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 8.78% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can grew its stake in GCI Liberty by 15.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 10,829 shares of the company’s stock worth $430,000 after purchasing an additional 1,445 shares during the period. Bank of America Corp DE grew its position in shares of GCI Liberty by 15.2% during the 4th quarter. Bank of America Corp DE now owns 394,221 shares of the company’s stock worth $16,226,000 after buying an additional 52,080 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of GCI Liberty during the 4th quarter worth approximately $288,000. Jane Street Group LLC grew its position in shares of GCI Liberty by 41.4% during the 4th quarter. Jane Street Group LLC now owns 9,902 shares of the company’s stock worth $407,000 after buying an additional 2,900 shares during the period. Finally, Legal & General Group Plc grew its position in shares of GCI Liberty by 9.4% during the 4th quarter. Legal & General Group Plc now owns 57,359 shares of the company’s stock worth $2,360,000 after buying an additional 4,910 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.
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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