906,605 Shares in GCI Liberty Inc (GLIBA) Acquired by Janus Henderson Group PLC

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Janus Henderson Group PLC bought a new position in shares of GCI Liberty Inc (NASDAQ:GLIBA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 906,605 shares of the company’s stock, valued at approximately $50,416,000.

Several other institutional investors have also modified their holdings of the stock. Princeton Global Asset Management LLC purchased a new position in GCI Liberty in the fourth quarter valued at $25,000. We Are One Seven LLC purchased a new position in GCI Liberty in the fourth quarter valued at $51,000. Quadrant Capital Group LLC increased its holdings in GCI Liberty by 1,575.9% in the first quarter. Quadrant Capital Group LLC now owns 972 shares of the company’s stock valued at $51,000 after buying an additional 914 shares in the last quarter. Covington Capital Management purchased a new position in GCI Liberty in the fourth quarter valued at $90,000. Finally, Nisa Investment Advisors LLC increased its holdings in GCI Liberty by 27.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,195 shares of the company’s stock valued at $214,000 after buying an additional 1,126 shares in the last quarter. 89.06% of the stock is owned by hedge funds and other institutional investors.

GLIBA has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of GCI Liberty from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, March 4th. B. Riley lifted their target price on shares of GCI Liberty to $66.00 and gave the company a “buy” rating in a research report on Thursday, January 31st. Pivotal Research reiterated a “buy” rating and issued a $65.00 target price on shares of GCI Liberty in a research report on Tuesday, March 5th. Finally, Citigroup lifted their target price on shares of GCI Liberty from $55.00 to $59.00 and gave the company a “neutral” rating in a research report on Friday, March 29th.

Shares of NASDAQ GLIBA opened at $59.60 on Friday. GCI Liberty Inc has a 52-week low of $38.72 and a 52-week high of $60.60. The stock has a market capitalization of $6.29 billion, a PE ratio of -37.72 and a beta of 1.73. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.49.

GCI Liberty (NASDAQ:GLIBA) last announced its earnings results on Thursday, February 28th. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.06. GCI Liberty had a negative net margin of 2.69% and a negative return on equity of 3.71%. The business had revenue of $234.92 million for the quarter, compared to analyst estimates of $224.00 million. Research analysts predict that GCI Liberty Inc will post -0.76 earnings per share for the current fiscal year.

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GCI Liberty 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: Understanding Compound Annual Growth Rate (CAGR)

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

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