NJ State Employees Deferred Compensation Plan Acquires New Stake in GCI Liberty Inc (NASDAQ:GLIBA)

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NJ State Employees Deferred Compensation Plan bought a new position in GCI Liberty Inc (NASDAQ:GLIBA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,000 shares of the company’s stock, valued at approximately $306,000.

Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in GCI Liberty by 18.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 10,497 shares of the company’s stock valued at $535,000 after buying an additional 1,617 shares during the last quarter. Northern Trust Corp boosted its holdings in GCI Liberty by 4.6% in the 2nd quarter. Northern Trust Corp now owns 517,035 shares of the company’s stock valued at $23,308,000 after purchasing an additional 22,521 shares during the period. FMR LLC boosted its holdings in GCI Liberty by 75.2% in the 2nd quarter. FMR LLC now owns 2,241,836 shares of the company’s stock valued at $101,062,000 after purchasing an additional 962,193 shares during the period. Cowen Inc. boosted its holdings in GCI Liberty by 140.7% in the 2nd quarter. Cowen Inc. now owns 157,116 shares of the company’s stock valued at $7,083,000 after purchasing an additional 91,847 shares during the period. Finally, Jane Street Group LLC bought a new stake in GCI Liberty in the 2nd quarter valued at $318,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

GLIBA stock traded down $1.91 during trading on Friday, hitting $46.61. 463,997 shares of the stock traded hands, compared to its average volume of 541,972. GCI Liberty Inc has a one year low of $41.33 and a one year high of $55.47. The company has a debt-to-equity ratio of 0.64, a current ratio of 5.63 and a quick ratio of 5.63.

GCI Liberty (NASDAQ:GLIBA) last announced its quarterly earnings results on Thursday, November 8th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.62). GCI Liberty had a negative net margin of 81.45% and a negative return on equity of 25.80%. The firm had revenue of $210.15 million for the quarter, compared to the consensus estimate of $234.00 million. On average, research analysts predict that GCI Liberty Inc will post -1.58 EPS for the current year.

A number of research firms have recently commented on GLIBA. B. Riley reduced their price objective on shares of GCI Liberty 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 from a “sell” rating to a “hold” rating in a report on Monday, July 30th.

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About GCI Liberty

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 (NASDAQ:GLIBA)

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