Bridgeway Capital Management LLC Has $10.20 Million Holdings in Liberty Global PLC $LILAK

Key Points

• Bridgeway Capital Management LLC reduced its stake in Liberty Global PLC by 4.1%, selling 70,891 shares, and now holds approximately 1.64 million shares valued at $10.2 million.
• Analyst ratings for Liberty Global have varied, with Wall Street Zen downgrading the stock from "buy" to "hold," while Scotiabank raised its price target from $5.10 to $8.20.
• Liberty Global reported a quarterly loss of $2.12 per share, significantly missing the consensus estimate, with revenues of $1.09 billion compared to analyst expectations of $1.11 billion.

Bridgeway Capital Management LLC lowered its stake in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,642,392 shares of the company's stock after selling 70,891 shares during the period. Bridgeway Capital Management LLC owned 0.83% of Liberty Global worth $10,199,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Liberty Global by 1.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,002,780 shares of the company's stock valued at $24,857,000 after buying an additional 72,802 shares in the last quarter. Long Focus Capital Management LLC lifted its stake in Liberty Global by 8.6% in the first quarter. Long Focus Capital Management LLC now owns 3,295,336 shares of the company's stock valued at $20,464,000 after acquiring an additional 260,720 shares during the last quarter. Fourth Sail Capital LP bought a new position in shares of Liberty Global in the 1st quarter valued at about $15,734,000. Deutsche Bank AG grew its position in shares of Liberty Global by 12.6% in the 1st quarter. Deutsche Bank AG now owns 2,117,792 shares of the company's stock valued at $13,151,000 after acquiring an additional 236,356 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Liberty Global by 27.1% during the 4th quarter. Northern Trust Corp now owns 1,519,252 shares of the company's stock worth $9,632,000 after purchasing an additional 324,018 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LILAK. Wall Street Zen downgraded shares of Liberty Global from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Scotiabank upped their price objective on Liberty Global from $5.10 to $8.20 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $7.85.

Liberty Global Stock Performance

Shares of LILAK stock traded down $0.11 during midday trading on Tuesday, hitting $7.88. 375,011 shares of the company were exchanged, compared to its average volume of 1,198,390. Liberty Global PLC has a 52 week low of $4.23 and a 52 week high of $10.67. The firm has a market capitalization of $1.58 billion, a P/E ratio of -1.33 and a beta of 1.02. The firm's 50 day moving average price is $7.32 and its two-hundred day moving average price is $6.30. The company has a debt-to-equity ratio of 5.00, a quick ratio of 1.08 and a current ratio of 1.08.

Liberty Global (NASDAQ:LILAK - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($2.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($2.14). Liberty Global had a negative return on equity of 71.58% and a negative net margin of 26.61%.The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.11 billion.

Liberty Global Company Profile

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.