GCI Liberty Inc Class A (GLIBA) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lessened its stake in GCI Liberty Inc Class A (NASDAQ:GLIBA) by 52.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 368,773 shares of the company’s stock after selling 403,926 shares during the period. Schroder Investment Management Group owned about 0.34% of GCI Liberty Inc Class A worth $16,624,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Financial Architects Inc bought a new stake in GCI Liberty Inc Class A during the second quarter valued at $131,000. Envestnet Asset Management Inc. bought a new stake in GCI Liberty Inc Class A during the first quarter valued at $148,000. The Manufacturers Life Insurance Company bought a new stake in GCI Liberty Inc Class A during the first quarter valued at $163,000. BNP Paribas Arbitrage SA increased its stake in GCI Liberty Inc Class A by 939.1% during the second quarter. BNP Paribas Arbitrage SA now owns 4,115 shares of the company’s stock valued at $186,000 after purchasing an additional 3,719 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in GCI Liberty Inc Class A during the first quarter valued at $201,000. Institutional investors and hedge funds own 80.88% of the company’s stock.

GLIBA stock opened at $50.18 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 5.63 and a current ratio of 5.63. GCI Liberty Inc Class A has a 1-year low of $41.33 and a 1-year high of $55.47.

GCI Liberty Inc Class A (NASDAQ:GLIBA) last released its earnings results on Wednesday, August 8th. The company reported $0.33 earnings per share for the quarter, beating the 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 firm had revenue of $233.49 million during the quarter, compared to analyst estimates of $228.00 million. research analysts expect that GCI Liberty Inc Class A will post -1.19 EPS for the current year.

GLIBA has been the subject of several recent research reports. Zacks Investment Research lowered shares of GCI Liberty Inc Class A from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Citigroup reiterated a “neutral” rating and set a $43.00 target price on shares of GCI Liberty Inc Class A in a research note on Wednesday, May 30th. Finally, B. Riley lowered their target price 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 note on Thursday, August 2nd.

GCI Liberty Inc Class A Company Profile

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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