GCI Liberty Inc (NASDAQ:GLIBA) Short Interest Up 30.6% in May

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GCI Liberty Inc (NASDAQ:GLIBA) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 8,780,500 shares, an increase of 30.6% from the April 30th total of 6,723,400 shares. Approximately 9.2% of the company’s stock are sold short. Based on an average daily trading volume, of 363,400 shares, the short-interest ratio is currently 24.2 days.

In other news, Director Ronald A. Duncan sold 50,500 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $60.80, for a total value of $3,070,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.78% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of GLIBA. Vanguard Group Inc raised its position in GCI Liberty by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 8,405,933 shares of the company’s stock worth $428,703,000 after buying an additional 190,577 shares during the last quarter. BlackRock Inc. increased its position in shares of GCI Liberty by 1.5% during the 1st quarter. BlackRock Inc. now owns 4,765,831 shares of the company’s stock valued at $265,027,000 after purchasing an additional 72,248 shares during the last quarter. Jackson Square Partners LLC increased its position in shares of GCI Liberty by 107.7% during the 1st quarter. Jackson Square Partners LLC now owns 2,352,088 shares of the company’s stock valued at $130,799,000 after purchasing an additional 1,219,442 shares during the last quarter. Brown Advisory Inc. increased its position in shares of GCI Liberty by 10.9% during the 4th quarter. Brown Advisory Inc. now owns 2,130,942 shares of the company’s stock valued at $87,710,000 after purchasing an additional 209,394 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of GCI Liberty by 10.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,033,143 shares of the company’s stock valued at $83,684,000 after purchasing an additional 189,510 shares during the last quarter. 87.59% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:GLIBA traded up $0.83 during trading hours on Wednesday, hitting $63.54. The company had a trading volume of 332,600 shares, compared to its average volume of 429,995. The firm has a market cap of $6.60 billion, a P/E ratio of -40.22 and a beta of 1.43. The company’s 50-day simple moving average is $60.81. GCI Liberty has a 52 week low of $38.72 and a 52 week high of $63.65. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44.

GCI Liberty (NASDAQ:GLIBA) last announced its earnings results on Thursday, May 9th. The company reported ($1.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.83). GCI Liberty had a negative net margin of 2.69% and a negative return on equity of 3.67%. The business had revenue of $217.74 million for the quarter, compared to the consensus estimate of $220.00 million. On average, sell-side analysts forecast that GCI Liberty will post 5.73 EPS for the current fiscal year.

A number of equities analysts have weighed in on the stock. B. Riley set a $13.00 target price on shares of Vista Outdoor and gave the stock a “buy” rating in a research report on Friday, May 10th. Pivotal Research restated a “buy” rating and issued a $69.00 price objective (up from $65.00) on shares of GCI Liberty in a research report on Friday, May 10th. Zacks Investment Research upgraded shares of Global Ship Lease from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective for the company in a research report on Monday, June 3rd. Finally, Citigroup raised their price objective on shares of PVH from $120.00 to $128.00 and gave the company a “neutral” rating in a research report on Friday, March 29th.

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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