GCI Liberty Inc (NASDAQ:GLIBA) Receives Average Rating of “Buy” from Brokerages

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Shares of GCI Liberty Inc (NASDAQ:GLIBA) have been assigned an average rating of “Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $79.80.

A number of analysts have weighed in on the stock. Benchmark increased their target price on shares of GCI Liberty from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. BidaskClub raised shares of GCI Liberty from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research raised shares of GCI Liberty from a “sell” rating to a “hold” rating in a report on Tuesday, March 17th. B. Riley increased their target price on shares of GCI Liberty from $89.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, ValuEngine raised shares of GCI Liberty from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd.

Shares of NASDAQ:GLIBA opened at $55.72 on Friday. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 3.04 and a beta of 1.23. GCI Liberty has a 1-year low of $26.51 and a 1-year high of $79.06. The company’s fifty day moving average is $66.45 and its two-hundred day moving average is $68.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.84 and a current ratio of 1.84.

GCI Liberty (NASDAQ:GLIBA) last issued its earnings results on Wednesday, February 26th. The company reported $6.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $6.99. The company had revenue of $232.39 million for the quarter, compared to analysts’ expectations of $233.00 million. GCI Liberty had a net margin of 216.68% and a negative return on equity of 7.85%. Sell-side analysts expect that GCI Liberty will post -1.07 EPS for the current fiscal year.

In related news, Director Ronald A. Duncan sold 50,000 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $71.85, for a total value of $3,592,500.00. Following the sale, the director now owns 867,218 shares of the company’s stock, valued at approximately $62,309,613.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald A. Duncan sold 79,331 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $44.03, for a total transaction of $3,492,943.93. Following the completion of the sale, the director now directly owns 842,016 shares in the company, valued at approximately $37,073,964.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,972 shares of company stock worth $7,285,842. Corporate insiders own 8.78% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in shares of GCI Liberty by 2.2% in the 4th quarter. Principal Financial Group Inc. now owns 3,266,270 shares of the company’s stock worth $231,414,000 after acquiring an additional 71,690 shares during the period. Jackson Square Partners LLC increased its stake in GCI Liberty by 6.8% during the 4th quarter. Jackson Square Partners LLC now owns 3,036,490 shares of the company’s stock valued at $215,135,000 after buying an additional 194,334 shares during the period. Tiger Eye Capital LLC increased its stake in GCI Liberty by 7.5% during the 4th quarter. Tiger Eye Capital LLC now owns 2,066,187 shares of the company’s stock valued at $146,389,000 after buying an additional 144,047 shares during the period. River Road Asset Management LLC increased its stake in GCI Liberty by 2.9% during the 4th quarter. River Road Asset Management LLC now owns 1,739,527 shares of the company’s stock valued at $123,245,000 after buying an additional 48,718 shares during the period. Finally, First Trust Advisors LP acquired a new position in GCI Liberty during the 4th quarter valued at about $85,001,000. 89.03% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for GCI Liberty (NASDAQ:GLIBA)

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