GCI Liberty (NASDAQ:GLIBA) Sets New 52-Week High at $61.93

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GCI Liberty Inc (NASDAQ:GLIBA)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $61.93 and last traded at $61.93, with a volume of 480 shares trading hands. The stock had previously closed at $60.89.

GLIBA has been the subject of a number of research analyst reports. B. Riley reissued a “buy” rating and set a $69.00 price target (up from $66.00) on shares of GCI Liberty in a research note on Monday, March 4th. Zacks Investment Research raised GCI Liberty from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Monday, March 4th. Pivotal Research reissued a “buy” rating and set a $65.00 price target on shares of GCI Liberty in a research note on Tuesday, March 5th. Finally, Citigroup raised their price target on GCI Liberty from $55.00 to $59.00 and gave the stock a “neutral” rating in a research note on Friday, March 29th.

The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $6.37 billion, a PE ratio of -38.85 and a beta of 1.50.

GCI Liberty (NASDAQ:GLIBA) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($1.12) earnings per share (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 the consensus estimate of $220.00 million. As a group, equities analysts anticipate that GCI Liberty Inc will post 5.73 EPS for the current year.

In related news, Director Ronald A. Duncan sold 50,500 shares of the firm’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 transaction of $3,070,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.02% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Icon Wealth Partners LLC purchased a new position in GCI Liberty during the 1st quarter worth $32,000. Princeton Global Asset Management LLC purchased a new position in shares of GCI Liberty in the 4th quarter valued at $25,000. Quadrant Capital Group LLC increased its holdings in shares of GCI Liberty by 1,575.9% in the 1st quarter. Quadrant Capital Group LLC now owns 972 shares of the company’s stock valued at $51,000 after acquiring an additional 914 shares during the period. Covington Capital Management purchased a new position in shares of GCI Liberty in the 4th quarter valued at $90,000. Finally, CIBC Asset Management Inc purchased a new position in shares of GCI Liberty in the 1st quarter valued at $214,000. Institutional investors own 87.59% of the company’s stock.

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GCI Liberty Company Profile (NASDAQ:GLIBA)

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: What are Institutional Investors?

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