Gardner Lewis Asset Management L P cut its holdings in GCI Liberty Inc (NASDAQ:GLIBA) by 68.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 32,512 shares of the company’s stock after selling 69,117 shares during the quarter. Gardner Lewis Asset Management L P’s holdings in GCI Liberty were worth $1,338,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Clearline Capital LP raised its stake in shares of GCI Liberty by 46.5% in the third quarter. Clearline Capital LP now owns 100,333 shares of the company’s stock worth $5,117,000 after purchasing an additional 31,856 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of GCI Liberty by 0.5% in the third quarter. Teachers Advisors LLC now owns 121,002 shares of the company’s stock worth $6,171,000 after purchasing an additional 615 shares during the last quarter. Wetherby Asset Management Inc. purchased a new position in shares of GCI Liberty in the third quarter worth about $544,000. Wallace Capital Management Inc. raised its stake in shares of GCI Liberty by 4.7% in the third quarter. Wallace Capital Management Inc. now owns 271,293 shares of the company’s stock worth $13,836,000 after purchasing an additional 12,189 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its stake in shares of GCI Liberty by 7.2% in the fourth quarter. DAVENPORT & Co LLC now owns 47,180 shares of the company’s stock worth $1,942,000 after purchasing an additional 3,151 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.
GLIBA has been the subject of several research analyst reports. Pivotal Research restated a “buy” rating and issued a $65.00 price objective on shares of GCI Liberty in a research note on Tuesday, March 5th. Zacks Investment Research raised GCI Liberty from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, B. Riley raised their target price on GCI Liberty to $66.00 and gave the stock a “buy” rating in a report on Thursday, January 31st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $62.60.
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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.
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