Institute for Wealth Management LLC. Sells 275 Shares of GCI Liberty Inc (NASDAQ:GLIBA)
Institute for Wealth Management LLC. lowered its position in shares of GCI Liberty Inc (NASDAQ:GLIBA) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,784 shares of the company’s stock after selling 275 shares during the quarter. Institute for Wealth Management LLC.’s holdings in GCI Liberty were worth $233,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in GLIBA. Icon Wealth Partners LLC acquired a new stake in shares of GCI Liberty in the 1st quarter valued at approximately $32,000. Quadrant Capital Group LLC boosted its holdings in shares of GCI Liberty by 1,575.9% in the 1st quarter. Quadrant Capital Group LLC now owns 972 shares of the company’s stock valued at $51,000 after buying an additional 914 shares during the last quarter. Financial Gravity Wealth Inc. boosted its holdings in shares of GCI Liberty by 308.8% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 1,574 shares of the company’s stock valued at $97,000 after buying an additional 1,189 shares during the last quarter. Comerica Bank acquired a new stake in shares of GCI Liberty in the 2nd quarter valued at approximately $216,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of GCI Liberty in the 1st quarter valued at approximately $214,000. 88.36% of the stock is owned by hedge funds and other institutional investors.
GLIBA traded up $0.27 during trading hours on Wednesday, reaching $60.67. The company’s stock had a trading volume of 33,990 shares, compared to its average volume of 369,990. GCI Liberty Inc has a 52 week low of $38.72 and a 52 week high of $64.85. The company’s 50-day moving average is $61.36 and its 200-day moving average is $58.33. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $6.25 billion, a PE ratio of -38.40 and a beta of 1.42.
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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