Oaktree Capital Management LP bought a new stake in shares of GCI Liberty Inc Class A (NASDAQ:GLIBA) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 150,000 shares of the company’s stock, valued at approximately $7,929,000. Oaktree Capital Management LP owned approximately 0.14% of GCI Liberty Inc Class A as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GLIBA. State of Wisconsin Investment Board purchased a new position in GCI Liberty Inc Class A during the 1st quarter worth $1,022,000. Eaton Vance Management purchased a new stake in GCI Liberty Inc Class A during the 1st quarter valued at about $608,000. Schwab Charles Investment Management Inc. purchased a new stake in GCI Liberty Inc Class A during the 1st quarter valued at about $16,596,000. American International Group Inc. purchased a new stake in GCI Liberty Inc Class A during the 1st quarter valued at about $1,688,000. Finally, Aperio Group LLC purchased a new stake in shares of GCI Liberty Inc Class A in the first quarter worth about $1,069,000. 79.35% of the stock is owned by institutional investors and hedge funds.
GCI Liberty Inc Class A opened at $45.94 on Friday, according to MarketBeat Ratings. GCI Liberty Inc Class A has a 52 week low of $41.33 and a 52 week high of $55.47.
GCI Liberty Inc Class A (NASDAQ:GLIBA) last announced its quarterly earnings data on Wednesday, May 9th. The company reported ($1.58) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($1.99). The firm had revenue of $61.20 million during the quarter. research analysts anticipate that GCI Liberty Inc Class A will post -0.79 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on GLIBA shares. Zacks Investment Research raised GCI Liberty Inc Class A from a “sell” rating to a “hold” rating in a report on Friday. Citigroup reissued a “neutral” rating and set a $43.00 target price on shares of GCI Liberty Inc Class A in a report on Wednesday, May 30th. Finally, Buckingham Research cut their price target on GCI Liberty Inc Class A to $76.00 and set a “buy” rating for the company in a report on Monday, May 7th.
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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