PNC Financial Services Group Inc. Purchases 16,122 Shares of GCI Liberty Inc (GLIBA)
PNC Financial Services Group Inc. boosted its position in GCI Liberty Inc (NASDAQ:GLIBA) by 36.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,872 shares of the company’s stock after purchasing an additional 16,122 shares during the quarter. PNC Financial Services Group Inc. owned about 0.06% of GCI Liberty worth $3,104,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Howland Capital Management LLC bought a new stake in GCI Liberty in the 3rd quarter valued at $204,000. Parametrica Management Ltd bought a new stake in GCI Liberty in the 3rd quarter valued at $207,000. Nisa Investment Advisors LLC boosted its stake in GCI Liberty by 77.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,069 shares of the company’s stock valued at $208,000 after purchasing an additional 1,774 shares during the period. BNP Paribas Arbitrage SA boosted its stake in GCI Liberty by 939.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,115 shares of the company’s stock valued at $186,000 after purchasing an additional 3,719 shares during the period. Finally, Karpas Strategies LLC bought a new stake in GCI Liberty in the 3rd quarter valued at $221,000. Institutional investors and hedge funds own 83.62% of the company’s stock.
Separately, B. Riley reaffirmed a “buy” rating on shares of GCI Liberty in a report on Tuesday.
GCI Liberty (NASDAQ:GLIBA) last announced its quarterly earnings data on Thursday, November 8th. The company reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.62). The company had revenue of $210.15 million during the quarter, compared to analyst estimates of $234.00 million. GCI Liberty had a negative net margin of 67.49% and a negative return on equity of 26.66%. Sell-side analysts predict that GCI Liberty Inc will post -2.17 EPS for the current fiscal year.
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GCI Liberty Profile
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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