D. E. Shaw & Co. Inc. Sells 85,653 Shares of GCI Liberty Inc (NASDAQ:GLIBA)

Share on StockTwits

D. E. Shaw & Co. Inc. cut its stake in shares of GCI Liberty Inc (NASDAQ:GLIBA) by 4.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,682,901 shares of the company’s stock after selling 85,653 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 1.59% of GCI Liberty worth $103,431,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Jefferies Group LLC bought a new position in shares of GCI Liberty during the 2nd quarter valued at approximately $261,000. Paloma Partners Management Co bought a new position in shares of GCI Liberty during the 2nd quarter valued at approximately $462,000. 3G Capital Partners LP grew its stake in shares of GCI Liberty by 6.4% during the 2nd quarter. 3G Capital Partners LP now owns 312,086 shares of the company’s stock valued at $19,181,000 after acquiring an additional 18,792 shares during the period. Marshall Wace North America L.P. grew its stake in shares of GCI Liberty by 17.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 11,721 shares of the company’s stock valued at $720,000 after acquiring an additional 1,759 shares during the period. Finally, NumerixS Investment Technologies Inc bought a new position in shares of GCI Liberty during the 2nd quarter valued at approximately $513,000. Institutional investors own 87.87% of the company’s stock.

Several research firms have weighed in on GLIBA. B. Riley upped their price target on GCI Liberty from $72.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. Evercore ISI began coverage on GCI Liberty in a research note on Thursday, August 15th. They issued an “outperform” rating and a $70.00 price target for the company. Zacks Investment Research downgraded GCI Liberty from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. Pivotal Research set a $75.00 price target on GCI Liberty and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Benchmark began coverage on GCI Liberty in a research note on Thursday, August 15th. They issued a “buy” rating and a $70.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.67.

In other news, insider Albert E. Rosenthaler sold 1,075 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $59.99, for a total transaction of $64,489.25. Following the sale, the insider now directly owns 72,846 shares of the company’s stock, valued at approximately $4,370,031.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald A. Duncan sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $63.76, for a total value of $3,188,000.00. 8.78% of the stock is owned by corporate insiders.

GLIBA stock traded down $1.46 during midday trading on Friday, hitting $63.38. The company’s stock had a trading volume of 222,193 shares, compared to its average volume of 286,276. GCI Liberty Inc has a 12 month low of $38.72 and a 12 month high of $64.96. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of -40.11 and a beta of 1.37. The company has a 50 day moving average of $61.14 and a two-hundred day moving average of $59.77.

GCI Liberty (NASDAQ:GLIBA) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.47). The business had revenue of $217.57 million during the quarter, compared to the consensus estimate of $216.00 million. GCI Liberty had a negative return on equity of 5.83% and a net margin of 83.86%. On average, analysts anticipate that GCI Liberty Inc will post -2.46 earnings per share for the current fiscal year.

GCI Liberty Company Profile

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: Hedge Funds – Risk or Reward?

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

Receive News & Ratings for GCI Liberty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCI Liberty and related companies with MarketBeat.com's FREE daily email newsletter.