Locust Wood Capital Advisers LLC Sells 95,060 Shares of GCI Liberty Inc (NASDAQ:GLIBA)

Locust Wood Capital Advisers LLC cut its stake in GCI Liberty Inc (NASDAQ:GLIBA) by 14.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 546,857 shares of the company’s stock after selling 95,060 shares during the quarter. GCI Liberty accounts for about 2.5% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its 12th largest holding. Locust Wood Capital Advisers LLC owned 0.52% of GCI Liberty worth $33,610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in GLIBA. Bank of America Corp DE boosted its stake in GCI Liberty by 15.2% in the 4th quarter. Bank of America Corp DE now owns 394,221 shares of the company’s stock worth $16,226,000 after purchasing an additional 52,080 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in GCI Liberty in the 4th quarter worth $288,000. Jane Street Group LLC boosted its stake in GCI Liberty by 41.4% in the 4th quarter. Jane Street Group LLC now owns 9,902 shares of the company’s stock worth $407,000 after purchasing an additional 2,900 shares during the period. Legal & General Group Plc boosted its stake in GCI Liberty by 9.4% in the 4th quarter. Legal & General Group Plc now owns 57,359 shares of the company’s stock worth $2,360,000 after purchasing an additional 4,910 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in GCI Liberty in the 4th quarter worth $8,275,000. Hedge funds and other institutional investors own 87.59% of the company’s stock.

In other news, Director Ronald A. Duncan sold 50,500 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $60.80, for a total transaction of $3,070,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.78% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Pivotal Research reaffirmed 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. B. Riley reaffirmed a “buy” rating and issued a $72.00 target price (up from $69.00) on shares of GCI Liberty in a research note on Friday, May 10th. Finally, Zacks Investment Research lowered shares of GCI Liberty from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th.

Shares of NASDAQ GLIBA opened at $59.05 on Friday. The business has a fifty day moving average of $62.13. 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 quick ratio of 0.57 and a current ratio of 0.57. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of -37.37 and a beta of 1.42.

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 Zacks’ 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 business had revenue of $217.74 million for the quarter, compared to analyst estimates of $220.00 million. Analysts expect that GCI Liberty Inc will post 5.73 earnings per share for the current fiscal year.

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.

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

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