Bridgeway Capital Management LLC Sells 70,891 Shares of 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 trimmed its position in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,642,392 shares of the company's stock after selling 70,891 shares during the period. Bridgeway Capital Management LLC owned about 0.83% of Liberty Global worth $10,199,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LILAK. Principal Financial Group Inc. raised its stake in Liberty Global by 3.9% in the first quarter. Principal Financial Group Inc. now owns 71,532 shares of the company's stock valued at $444,000 after buying an additional 2,652 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Liberty Global by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,769 shares of the company's stock worth $468,000 after purchasing an additional 2,798 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Liberty Global by 556.5% during the first quarter. Versant Capital Management Inc now owns 5,331 shares of the company's stock worth $33,000 after purchasing an additional 4,519 shares during the last quarter. Sterneck Capital Management LLC raised its holdings in shares of Liberty Global by 6.6% during the first quarter. Sterneck Capital Management LLC now owns 77,208 shares of the company's stock worth $479,000 after purchasing an additional 4,800 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Liberty Global by 577.2% during the first quarter. GAMMA Investing LLC now owns 11,811 shares of the company's stock worth $73,000 after purchasing an additional 10,067 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Liberty Global Stock Up 0.9%

Shares of NASDAQ LILAK opened at $8.07 on Thursday. The company's 50-day simple moving average is $7.20 and its 200-day simple moving average is $6.28. Liberty Global PLC has a 52-week low of $4.23 and a 52-week high of $10.67. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -1.36 and a beta of 1.02. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 5.00.

Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its earnings results 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 net margin of 26.61% and a negative return on equity of 71.58%. The company had revenue of $1.09 billion during 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.

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