Janus Henderson Group PLC Buys 559,940 Shares of GCI Liberty Inc (NASDAQ:GLIBA)

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Janus Henderson Group PLC boosted its position in shares of GCI Liberty Inc (NASDAQ:GLIBA) by 61.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,466,545 shares of the company’s stock after purchasing an additional 559,940 shares during the quarter. Janus Henderson Group PLC owned about 1.39% of GCI Liberty worth $90,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Icon Wealth Partners LLC acquired a new position in GCI Liberty during the 1st quarter worth approximately $32,000. Quadrant Capital Group LLC boosted its position in GCI Liberty by 1,575.9% during the 1st quarter. Quadrant Capital Group LLC now owns 972 shares of the company’s stock worth $51,000 after acquiring an additional 914 shares during the last quarter. Financial Gravity Wealth Inc. boosted its position in GCI Liberty by 308.8% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 1,574 shares of the company’s stock worth $97,000 after acquiring an additional 1,189 shares during the last quarter. CIBC Asset Management Inc acquired a new position in GCI Liberty during the 1st quarter worth approximately $214,000. Finally, Diligent Investors LLC acquired a new position in GCI Liberty during the 1st quarter worth approximately $225,000. 88.36% of the stock is owned by institutional investors.

Shares of NASDAQ GLIBA traded down $0.08 during trading hours on Friday, hitting $63.91. The company had a trading volume of 247,823 shares, compared to its average volume of 306,262. The stock has a market capitalization of $6.76 billion, a P/E ratio of -40.45 and a beta of 1.37. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.40. GCI Liberty Inc has a 1-year low of $38.72 and a 1-year high of $64.96. The firm’s 50 day moving average is $60.67 and its 200-day moving average is $59.09.

GLIBA has been the subject of a number of recent research reports. Evercore ISI initiated coverage on GCI Liberty in a research report on Thursday, August 15th. They set an “outperform” rating and a $70.00 price target for the company. Pivotal Research set a $75.00 price target on GCI Liberty and gave the stock a “buy” rating in a research report on Friday, August 16th. Benchmark began coverage on GCI Liberty in a research report on Thursday, August 15th. They set a “buy” rating and a $70.00 price target for the company. Zacks Investment Research downgraded GCI Liberty from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. Finally, B. Riley increased their price objective on GCI Liberty from $72.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.67.

In related news, insider Albert E. Rosenthaler sold 1,075 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $59.99, for a total value of $64,489.25. Following the sale, the insider now owns 72,846 shares in the company, valued at approximately $4,370,031.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.78% of the stock is currently owned by corporate insiders.

GCI Liberty Company 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.

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

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