Schroder Investment Management Group decreased its position in shares of GCI Liberty Inc Class A (NASDAQ:GLIBA) by 52.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 368,773 shares of the company’s stock after selling 403,926 shares during the quarter. Schroder Investment Management Group’s holdings in GCI Liberty Inc Class A were worth $16,624,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in GLIBA. Financial Architects Inc acquired a new position in shares of GCI Liberty Inc Class A during the second quarter valued at $131,000. Envestnet Asset Management Inc. acquired a new stake in GCI Liberty Inc Class A in the first quarter worth about $148,000. The Manufacturers Life Insurance Company acquired a new stake in GCI Liberty Inc Class A in the first quarter worth about $163,000. BNP Paribas Arbitrage SA lifted its holdings in GCI Liberty Inc Class A by 939.1% in the second quarter. BNP Paribas Arbitrage SA now owns 4,115 shares of the company’s stock worth $186,000 after purchasing an additional 3,719 shares during the period. Finally, Allianz Asset Management GmbH acquired a new stake in GCI Liberty Inc Class A in the first quarter worth about $201,000. 80.88% of the stock is owned by institutional investors.

GLIBA has been the subject of several research analyst reports. B. Riley reduced their price objective 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. Zacks Investment Research raised shares of GCI Liberty Inc Class A from a “sell” rating to a “hold” rating in a report on Thursday, June 28th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $43.00 price objective on shares of GCI Liberty Inc Class A in a report on Wednesday, May 30th.

GLIBA stock opened at $50.18 on Wednesday. GCI Liberty Inc Class A has a fifty-two week low of $41.33 and a fifty-two week 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 posted its quarterly earnings data on Wednesday, August 8th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.45. The business had revenue of $233.49 million during the quarter, compared to the consensus estimate of $228.00 million. GCI Liberty Inc Class A had a negative net margin of 81.45% and a negative return on equity of 25.80%. research analysts anticipate that GCI Liberty Inc Class A will post -1.19 EPS for the current fiscal year.

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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