Selz Capital LLC lowered its stake in shares of GCI Liberty Inc (NASDAQ:GLIBA) by 49.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,100 shares of the company’s stock after selling 87,918 shares during the quarter. GCI Liberty comprises about 1.5% of Selz Capital LLC’s holdings, making the stock its 22nd largest position. Selz Capital LLC owned 0.08% of GCI Liberty worth $5,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of GLIBA. Norges Bank acquired a new stake in GCI Liberty during the 4th quarter worth approximately $67,375,000. Jackson Square Partners LLC increased its position in GCI Liberty by 107.7% during the 1st quarter. Jackson Square Partners LLC now owns 2,352,088 shares of the company’s stock worth $130,799,000 after purchasing an additional 1,219,442 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in GCI Liberty during the 1st quarter worth approximately $50,416,000. Macquarie Group Ltd. acquired a new stake in GCI Liberty during the 4th quarter worth approximately $8,275,000. Finally, BlackRock Inc. increased its position in GCI Liberty by 1.5% during the 1st quarter. BlackRock Inc. now owns 4,765,831 shares of the company’s stock worth $265,027,000 after purchasing an additional 72,248 shares in the last quarter. 87.59% of the stock is owned by institutional investors.

In other news, Director Ronald A. Duncan sold 50,500 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $60.80, for a total transaction of $3,070,400.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.78% of the stock is currently owned by company insiders.

A number of research firms have weighed in on GLIBA. B. Riley set a $13.00 price target on Vista Outdoor and gave the stock a “buy” rating in a report on Friday, May 10th. Pivotal Research restated a “buy” rating and issued a $69.00 price target (up previously from $65.00) on shares of GCI Liberty in a report on Friday, May 10th. Finally, Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th.

Shares of GLIBA stock traded up $0.37 on Tuesday, hitting $60.64. 6,405 shares of the stock traded hands, compared to its average volume of 274,087. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44. The company has a market cap of $6.37 billion, a P/E ratio of -38.47 and a beta of 1.43. GCI Liberty Inc has a 1-year low of $38.72 and a 1-year high of $64.85. The stock’s fifty day moving average is $62.20.

GCI Liberty (NASDAQ:GLIBA) last issued its earnings results on Thursday, May 9th. The company reported ($1.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.83). GCI Liberty had a negative return on equity of 3.67% and a negative net margin of 2.69%. The company had revenue of $217.74 million during the quarter, compared to analyst estimates of $220.00 million. On average, analysts predict that GCI Liberty Inc will post 5.73 earnings per share for the current fiscal year.

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.

Recommended Story: Why are percentage gainers important?

Want to see what other hedge funds are holding GLIBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GCI Liberty Inc (NASDAQ:GLIBA).

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

Receive News & Ratings for GCI Liberty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GCI Liberty and related companies with MarketBeat.com's FREE daily email newsletter.