GCI Liberty Inc Class A (GLIBA) Shares Bought by Raymond James Trust N.A.

Raymond James Trust N.A. increased its stake in GCI Liberty Inc Class A (NASDAQ:GLIBA) by 34.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,775 shares of the company’s stock after buying an additional 2,506 shares during the period. Raymond James Trust N.A.’s holdings in GCI Liberty Inc Class A were worth $499,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GLIBA. Alps Advisors Inc. increased its stake in GCI Liberty Inc Class A by 2.4% during the second quarter. Alps Advisors Inc. now owns 151,200 shares of the company’s stock valued at $6,816,000 after purchasing an additional 3,500 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in GCI Liberty Inc Class A by 21.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 380,332 shares of the company’s stock valued at $17,146,000 after purchasing an additional 66,376 shares during the last quarter. Clearline Capital LP bought a new stake in GCI Liberty Inc Class A during the second quarter valued at $3,087,000. Bank of Montreal Can increased its stake in GCI Liberty Inc Class A by 38.0% during the second quarter. Bank of Montreal Can now owns 8,667 shares of the company’s stock valued at $391,000 after purchasing an additional 2,387 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in GCI Liberty Inc Class A by 84.6% during the second quarter. SG Americas Securities LLC now owns 48,444 shares of the company’s stock valued at $2,184,000 after purchasing an additional 22,207 shares during the last quarter. Institutional investors and hedge funds own 80.88% of the company’s stock.

Several brokerages have recently issued reports on GLIBA. Zacks Investment Research raised shares of GCI Liberty Inc Class A from a “sell” rating to a “hold” rating in a report on Monday, July 30th. B. Riley reduced their price target on shares of GCI Liberty Inc Class A from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, August 2nd.

Shares of GLIBA opened at $47.87 on Friday. GCI Liberty Inc Class A has a 1 year low of $41.33 and a 1 year high of $55.47. 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 (NASDAQ:GLIBA) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.33 earnings per share (EPS) 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 company had revenue of $233.49 million during the quarter, compared to the consensus estimate of $228.00 million. As a group, sell-side analysts expect that GCI Liberty Inc Class A will post -1.58 EPS for the current fiscal year.

GCI Liberty Inc Class A 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.

Further Reading: What is an Initial Public Offering (IPO)?

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

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