Sterling Capital Management LLC Has $1.96 Million Position in GCI Liberty Inc Class A (GLIBA)

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Sterling Capital Management LLC grew its position in GCI Liberty Inc Class A (NASDAQ:GLIBA) by 33.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,455 shares of the company’s stock after purchasing an additional 10,930 shares during the period. Sterling Capital Management LLC’s holdings in GCI Liberty Inc Class A were worth $1,959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GLIBA. Thompson Siegel & Walmsley LLC acquired a new stake in GCI Liberty Inc Class A in the first quarter worth $125,000. Financial Architects Inc bought a new stake in shares of GCI Liberty Inc Class A during the second quarter worth $131,000. Envestnet Asset Management Inc. bought a new stake in shares of GCI Liberty Inc Class A during the first quarter worth $148,000. Sphera Funds Management LTD. bought a new stake in shares of GCI Liberty Inc Class A during the first quarter worth $159,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of GCI Liberty Inc Class A during the first quarter worth $163,000. Institutional investors own 84.43% of the company’s stock.

Several equities research analysts have recently issued reports on GLIBA shares. Zacks Investment Research downgraded shares of GCI Liberty Inc Class A from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. Citigroup reissued a “neutral” rating and set a $43.00 price objective on shares of GCI Liberty Inc Class A in a research report on Wednesday, May 30th. Finally, B. Riley lowered their price objective on shares of GCI Liberty Inc Class A from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, August 2nd.

Shares of GLIBA stock opened at $49.56 on Friday. The company has a current ratio of 5.63, a quick ratio of 5.63 and a debt-to-equity ratio of 0.64. GCI Liberty Inc Class A has a 12-month low of $41.33 and a 12-month high of $55.47.

GCI Liberty Inc Class A (NASDAQ:GLIBA) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.45. GCI Liberty Inc Class A had a negative net margin of 81.45% and a negative return on equity of 25.80%. The company had revenue of $233.49 million during the quarter, compared to the consensus estimate of $228.00 million. sell-side analysts expect that GCI Liberty Inc Class A will post -1.19 EPS for the current fiscal 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.

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

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