Harbor Advisors LLC Takes $2.03 Million Position in GCI Liberty Inc Class A (GLIBA)

Harbor Advisors LLC purchased a new position in GCI Liberty Inc Class A (NASDAQ:GLIBA) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 38,430 shares of the company’s stock, valued at approximately $2,031,000. GCI Liberty Inc Class A makes up about 0.7% of Harbor Advisors LLC’s investment portfolio, making the stock its 24th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of GCI Liberty Inc Class A in the first quarter worth approximately $222,450,000. Dimensional Fund Advisors LP acquired a new position in GCI Liberty Inc Class A in the first quarter worth approximately $115,417,000. Artisan Partners Limited Partnership acquired a new position in GCI Liberty Inc Class A in the first quarter worth approximately $80,966,000. Bamco Inc. NY acquired a new position in GCI Liberty Inc Class A in the first quarter worth approximately $35,274,000. Finally, Northern Trust Corp acquired a new position in GCI Liberty Inc Class A in the first quarter worth approximately $26,140,000. 69.07% of the stock is owned by institutional investors and hedge funds.

GLIBA has been the topic of a number of research reports. Zacks Investment Research downgraded GCI Liberty Inc Class A from a “hold” rating to a “sell” rating in a report on Tuesday, May 15th. Buckingham Research dropped their price objective on GCI Liberty Inc Class A to $76.00 and set a “buy” rating on the stock in a report on Monday, May 7th.

Shares of GCI Liberty Inc Class A opened at $42.80 on Monday, MarketBeat Ratings reports. GCI Liberty Inc Class A has a 12 month low of $42.40 and a 12 month high of $55.47.

GCI Liberty Inc Class A (NASDAQ:GLIBA) last announced its quarterly earnings results on Wednesday, May 9th. The company reported ($1.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($1.99). The company had revenue of $61.20 million for the quarter. research analysts anticipate that GCI Liberty Inc Class A will post -0.62 earnings per share for the current year.

About GCI Liberty Inc Class A

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.

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

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