Banco Santander S.A. Has $5.73 Million Holdings in Liberty Global PLC (NASDAQ:LILAK)

Key Points

• Banco Santander S.A. reduced its stake in Liberty Global PLC by 16.6%, now holding approximately $5.73 million worth of shares as of its latest SEC filing.
• Several institutional investors, including KLP Kapitalforvaltning AS and Norges Bank, have recently acquired new stakes in Liberty Global, contributing to a total institutional ownership of 52.98% of the company's shares.
• Liberty Global's recent earnings report showed a loss per share of ($0.69), significantly missing the consensus estimate, with a reported revenue of $1.08 billion for the quarter.

Banco Santander S.A. reduced its holdings in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 16.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 922,902 shares of the company's stock after selling 184,100 shares during the quarter. Banco Santander S.A. owned approximately 0.47% of Liberty Global worth $5,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Long Focus Capital Management LLC boosted its holdings in Liberty Global by 79.0% in the 4th quarter. Long Focus Capital Management LLC now owns 3,034,616 shares of the company's stock worth $19,239,000 after buying an additional 1,339,216 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Liberty Global by 4,054.1% in the fourth quarter. Hsbc Holdings PLC now owns 809,417 shares of the company's stock valued at $5,087,000 after purchasing an additional 789,932 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Liberty Global by 41.3% in the 4th quarter. Deutsche Bank AG now owns 1,881,436 shares of the company's stock worth $11,928,000 after buying an additional 549,884 shares in the last quarter. Norges Bank purchased a new stake in shares of Liberty Global in the fourth quarter valued at $3,134,000. Finally, Northern Trust Corp increased its position in shares of Liberty Global by 27.1% during the fourth quarter. Northern Trust Corp now owns 1,519,252 shares of the company's stock worth $9,632,000 after acquiring an additional 324,018 shares during the period. Hedge funds and other institutional investors own 52.98% of the company's stock.

Liberty Global Stock Up 12.8%

NASDAQ LILAK traded up $0.94 during trading on Thursday, reaching $8.26. The company's stock had a trading volume of 1,845,461 shares, compared to its average volume of 1,118,751. The stock has a market capitalization of $1.65 billion, a PE ratio of -2.05 and a beta of 0.95. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 5.00. The business has a 50-day moving average price of $6.16 and a 200-day moving average price of $6.10. Liberty Global PLC has a 1-year low of $4.23 and a 1-year high of $10.67.

Liberty Global (NASDAQ:LILAK - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($2.12) earnings per share (EPS) for the quarter. Liberty Global had a negative return on equity of 44.60% and a negative net margin of 17.85%.

Insiders Place Their Bets

In other Liberty Global news, CFO Christopher J. Noyes bought 8,000 shares of the stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $4.53 per share, with a total value of $36,240.00. Following the completion of the acquisition, the chief financial officer owned 231,621 shares of the company's stock, valued at $1,049,243.13. This trade represents a 3.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Balan Nair acquired 22,779 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $4.39 per share, with a total value of $99,999.81. Following the transaction, the chief executive officer directly owned 1,651,001 shares of the company's stock, valued at $7,247,894.39. This trade represents a 1.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Liberty Global from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

About Liberty Global

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.